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Session Laws, 1989
Volume 771, Page 3841   View pdf image
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WILLIAM DONALD SCHAEFER, Governor Ch. 645

(I)   IS ENTITLED TO NOTICE UNDER SUBSECTION (A)
OF THIS SECTION; AND

(II)  HAS AN INTEREST IN THE TRUST, ESTATE, OR
FUND THAT IS THE SUBJECT OF A COMPLAINT FILED UNDER THIS
SUBSECTION.

(2)  A PERSON ENTITLED TO NOTICE UNDER SUBSECTION (A)
OF THIS SECTION WHO OBJECTS TO THE APPOINTMENT OF THE SUCCESSOR
FIDUCIARY MAY, WITHIN 60 DAYS AFTER SUBSTITUTION OF THE SUCCESSOR
FIDUCIARY, FILE A COMPLAINT FOR REMOVAL OF THE SUCCESSOR
FIDUCIARY IN THE CIRCUIT COURT FOR THE COUNTY IN WHICH THE
PRINCIPAL PLACE OF BUSINESS OF THE SUCCESSOR FIDUCIARY IS
LOCATED.

(3)  AFTER NOTICE TO ALL INTERESTED PARTIES AND A
HEARING, THE COURT MAY APPOINT A NEW FIDUCIARY TO REPLACE THE
SUCCESSOR FIDUCIARY IF IT FINDS THAT SUBSTITUTION OF THE
SUCCESSOR FIDUCIARY UNDER § 15-1A-02 OF THIS SUBTITLE WILL
ADVERSELY AFFECT ADMINISTRATION OF THE TRUST, ESTATE, OR FUND AND
THAT APPOINTMENT OF A NEW FIDUCIARY WILL BE IN THE BEST INTERESTS
OF THE PLAINTIFF AND ALL OTHER INTERESTED PARTIES.

15-1A-05.

IN ADDITION TO THE PROVISIONS FOR REMOVAL UNDER §
15-1A-04(D) OF THIS SUBTITLE, REMOVAL OF A CORPORATE FIDUCIARY IS
SUBJECT TO ALL OTHER LAWS OF THIS STATE AFFECTING REMOVAL OF
FIDUCIARIES AND TO ANY AGREEMENT THAT DESIGNATES THE PREDECESSOR
CORPORATE FIDUCIARY AS THE CORPORATE FIDUCIARY OF THE TRUST,
ESTATE, OR FUND.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1989.

Approved May 25, 1989.

CHAPTER 645

(House Bill 201)

AN ACT concerning

Maryland Uniform Disclaimer of Property Interests
Act - Rules of Devolution

FOR the purpose of providing that when disclaimed property or an
interest in the property devolves as if a disclaimant had
died intestate, the disclaimed property or an interest in

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Session Laws, 1989
Volume 771, Page 3841   View pdf image
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