Volume 793, Page 3845 View pdf image |
PARRIS N. GLENDENING, Governor S.B. 746 Senate Bill No. 746 AN ACT concerning Trust or Fiduciary Powers - Corporate Trustees FOR the purpose of authorizing certain persons to exercise trust or fiduciary powers in BY adding to Article - Estates and Trusts Section 14-109 Annotated Code of Maryland (1991 Replacement Volume and 1994 Supplement) SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF Article - Estates and Trusts 14-109. (A) THE FOLLOWING PERSONS MAY EXERCISE TRUST OR FIDUCIARY (1) AN INDIVIDUAL; (2) A TRUST COMPANY AS DEFINED IN § 1-101 OF THIS ARTICLE; (3) AN ORGANIZATION EXEMPT FROM TAXATION UNDER (4) SUBJECT TO SUBSECTION (B) OF THIS SECTION, A BANK, TRUST (I) ORGANIZED UNDER THE LAWS OF ANOTHER STATE AND (II) ORGANIZED UNDER THE LAWS OF THE UNITED STATES AND (B) (1) A BANK, TRUST COMPANY, OR SAVINGS BANK DESCRIBED IN - 3845 -
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Volume 793, Page 3845 View pdf image |
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