1728                             Laws of Maryland                        Ch. 601

said Code (1969 Replacement Volume), title "Decedents Estates,"
subtitle "Subtitle IX. Special Provisions Relating to Distribution*"
AND SECTION 7-405 OF SAID ARTICLE, "SUBTITLE VII, AD-
MINISTRATION OF THE ESTATE.

SEC. 3. AND BE IT FURTHER ENACTED, THAT SECTION
199C BE AND IT IS HEREBY ADDED TO ARTICLE 16 OF THE
ANNOTATED CODE OF MARYLAND (1966 REPLACEMENT
VOLUME AND 1969 SUPPLEMENT), TITLE "CHANCERY,"
SUBTITLE "TRUSTEE" TO READ AS FOLLOWS:

199C. PROTECTION OF PERSON DEALING WITH TRUSTEE.

IN THE ABSENCE OF ACTUAL KNOWLEDGE OR OF REA-
SONABLE CAUSE TO INQUIRE AS TO WHETHER A TRUSTEE
IS IMPROPERLY EXERCISING HIS POWER, A PERSON
DEALING WITH A TRUSTEE IS NOT BOUND TO INQUIRE
WHETHER A TRUSTEE IS PROPERLY EXERCISING HIS
POWER, AND IS PROTECTED AS IF THE TRUSTEE PROP-
ERLY EXERCISED THE POWER. A PERSON IS NOT BOUND
TO SEE TO THE PROPER APPLICATION OF TRUST ASSETS
PAID OR DELIVERED TO A TRUSTEE.

SEC. 4. AND BE IT FURTHER ENACTED, THAT EX-
CEPT AS OTHERWISE PROVIDED IN CHAPTER 3 OF THE
LAWS OF MARYLAND OF 1969, THE ADMINISTRATION,
AFTER JANUARY 1, 1970, OF ESTATES OF PERSONS WHO
DIED BEFORE JANUARY 1, 1970 SHALL BE GOVERNED
BY THOSE STATUTES IN EFFECT BEFORE JANUARY 1,
1970.

SEC. 5. AND BE IT FURTHER ENACTED, THAT THE
ENACTMENT OF THIS ACT SHALL NOT BE DEEMED TO
RAISE ANY DOUBT AS TO THE VALIDITY OF ANY AC-
TION EXPRESSLY AUTHORIZED HEREUNDER AND TAKEN
ON OR AFTER JANUARY 1, 1970 AND PRIOR TO JULY 1,
1970.

Sec. 3 6. And be it further enacted, That this Act shall take effect
July 1, 1970, provided, however, that the amendments to Sections
4-404 and 9-101 of Article 93 shall be effective only with respect to
renunciations effected on or after July 1, 1970.

Approved May 5, 1970

CHAPTER 601
(House Bill 688)

AN ACT to legalize the 1970 Supplement to the Code of Public
Local Laws of Calvert County (being Article 5 of the Code of
Public Local Laws of Maryland), published under the direction of
the Board of County Commissioners of Calvert County and edited
by W. Porter Ellington, and making provisions for the publica-
tion, sale and distribution of this Code and of supplements
thereto.