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Session Laws, 1974
Volume 713, Page 235   View pdf image
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MARVIN MANDEL, Governor                                   235

PROCEDURES FOR THE REMOVAL OF A [[GUARDIAN]]
FIDUCIARY SHALL BE CONDUCTED BY THE COURT IN ACCORDANCE
WITH THE PROVISIONS Of THE MARYLAND RULES APPLYING TO A
FIDUCIARY.

(C) NOT APPLICABLE TO PERSONAL REPRESENTATIVES.

THE PROVISIONS OF THIS SECTION SHALL NOT APPLY TO

PERSONAL REPRESENTATIVES.

SUBTITLE 2. MARYLAND UNIFORM FIDUCIARIES ACT.
15-201. DEFINITIONS.
(A) GENERAL.

IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE
MEANINGS INDICATED.

(B) BANK.

"BANK" INCLUDES ANY PERSON OR ASSOCIATION OF
PERSONS, WHETHER INCORPORATED OR NOT, CARRYING ON THE
BUSINESS OF BANKING.

(C)   FIDUCIARY.

"FIDUCIARY" INCLUDES A TRUSTEE UNDER ANY TRUST
EXPRESSED, IMPLIED, RESULTING OR CONSTRUCTIVE, EXECUTOR,
ADMINISTIRATOR, GUARDIAN, CONSERVATOR, CURATOR, RECEIVER,
TRUSTEE IN BANKRUPTCY, ASSIGNEE FOR THE BENEFIT OF
CREDITORS, PARTNER, AGENT, OFFICER OF A CORPORATION,
PUBLIC OR PRIVATE. PUBLIC OFFICER, OR ANY OTHER PERSON
ACTING IN A FIDUCIARY CAPACITY FOR ANY PERSON, TRUST, OR
ESTATE.

(D)   PERSON.

"PERSON" INCLUDES AN INDIVIDUAL, A CORPORATION,
GOVERNMENT OR GOVERNMENTAL SUBDIVISION OR AGENCY,
BUSINESS TRUST, ESTATE, TRUST, PARTNERSHIP OR
ASSOCIATION, TWO OR MORE PERSONS HAVING A JOINT OR COMMON
INTEREST, OR ANY OTHER LEGAL OR COMMERCIAL ENTITY.

(E)   PRINCIPAL.

"PRINCIPAL" INCLUDES ANY PERSON TO WHOM A FIDUCIARY
AS SUCH OWES AN OBLIGATION.

15-202. APPLICATION OF PAYMENTS MADE TO FIDUCIARIES.

A PERSON WHO IN GOOD FAITH PAYS OR TRANSFERS TO A
FIDUCIARY ANY MONEY OR OTHER PROPERTY WHICH THE FIDUCIARY
IS AUTHORIZED TO RECEIVE, IS NOT RESPONSIBLE FOR THE

 

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Session Laws, 1974
Volume 713, Page 235   View pdf image
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