Volume 799, Page 2755 View pdf image |
![]() |
![]() |
![]() |
![]() |
|
ROBERT L. EHRLICH, JR., Governor Ch. 382 (ii) The management or disposition of the assets of the [Program] (b) A fiduciary shall discharge the fiduciary's duties with respect to the (1) Solely in the interest of the participants; (2) For the exclusive purposes of providing benefits to the participants (3) With the care, skill, prudence, and diligence under the circumstances (4) By diversifying the investments of the [Program] TRUST so as to (5) In accordance with the laws governing the [Program] TRUST; and (6) In accordance with the documents and instruments governing the (c) In exercising authority, control, or discretion with respect to the (1) Use the assets of the [Program] TRUST for the fiduciary's own (2) Act in a transaction involving the [Program] TRUST on behalf of a (3) Receive any consideration for the fiduciary's own account from a (4) Become an endorser or surety or, in any manner, an obligor, for 18-1908. (a) The Board shall purchase a bond for each fiduciary in accordance with (b) Unless a fiduciary is bonded, the fiduciary may not exercise custody or (c) A fiduciary may not allow another fiduciary to act in violation of this - 2755 -
|
![]() | |||
![]() | ||||
![]() |
Volume 799, Page 2755 View pdf image |
Tell Us What You Think About the Maryland State Archives Website!
|
An Archives of Maryland electronic publication.
For information contact
mdlegal@mdarchives.state.md.us.