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Session Laws, 1974
Volume 713, Page 226   View pdf image
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226                                          LAWS OF MARYLAND                           [Ch. 11

OTHERWISE COMING INTO THE HANDS OF THE FIDUCIARY PENDING
DISTRIBUTION OR LIQUIDATION, INCLUDING THOSE IN WHICH THE
FIDUCIARY IS PERSONALLY INTERESTED OR WHICH ARE OTHERWISE
IMPROPER FOR TRUST INVESTMENT.

(G) RECEIVE ASSETS.

HE MAY RECEIVE ASSETS FROM ANY SOURCES, INCLUDING
OTHER FIDUCIARIES.

(H) PERFORM CONTRACTS.

HE MAY PERFORM THE CONTRACTS OF THE DECEDENT OR
DISABLED PERSON THAT CONTINUE AS OBLIGATIONS OF THE
FIDUCIARY ESTATE. IN PERFORMING AN ENFORCEABLE CONTRACT
TO CONVEY OR LEASE LAND THE FIDUCIARY MAY EXECUTE AND
DELIVER A DEED OR CONVEYANCE FOR CASH PAYMENT OF ALL SUMS
REMAINING DUE, OR FOR THE NOTE OF THE PURCHASER FOR THE
SUM REMAINING DUE SECURED BY A MORTGAGE OR DEED OF TRUST
ON THE LAND, AS THE CONTRACT MAY PROVIDE.

(I) SATISFY PLEDGES.

HE MAY SATISFY WRITTEN CHARITABLE PLEDGES OF THE
DISABLED PERSON OR DECEDENT.

(J) DEPOSIT FUNDS.

HE MAY DEPOSIT FUNDS FOR     THE ACCOUNT OF THE

FIDUCIARY ESTATE IN CHECKING     ACCOUNTS, IN INSURED

INTEREST-BEARING ACCOUNTS, OR IN SHORT-TERM LOAN
ARRANGEMENTS.

(K) VOTE STOCKS.

HE MAY VOTE SECURITIES IN PERSON OR BY GENERAL OR
LIMITED PROXY, OR ENTER INTO OR PARTICIPATE IN A VOTING
TRUST OR AGREEMENT OF SHAREHOLDER.

(L) INSURE PROPERTY.

HE MAY INSURE THE PROPERTY OF THE FIDUCIARY ESTATE
AGAINST DAMAGE, LOSS AND LIABILITY, AND HIMSELF, AS
FIDUCIARY AGAINST LIABILITY IN RESPECT TO THIRD PERSONS.

(M) PAY TAXES.

HE MAY PAY TAXES, ASSESSMENTS AND OTHER EXPENSES
INCIDENT TO THE ADMINISTRATION OF THE FIDUCIARY ESTATE.

(N) STOCK SUBSCRIPTIONS.

HE MAY SELL OR EXERCISE STOCK SUBSCRIPTION,
CONVERSION OR OPTION RIGHTS, CONSENT TO OR OPPOSE,

 

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Session Laws, 1974
Volume 713, Page 226   View pdf image
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