Section 18-1908 - Bonding of fiduciary(a) Each fiduciary shall be covered by a surety bond or an insurance policy of the type and in the amount of coverage determined by the State Treasurer under § 5-108 of the State Government Article, as a fiduciary of the Trust.(b) Unless a fiduciary is bonded, the fiduciary may not exercise custody or control of any assets of the Trust.(c) A fiduciary may not allow another fiduciary to act in violation of this section.Amended by 2024 Md. Laws, Ch. 438,Sec. 1, eff. 6/1/2024.Amended by 2024 Md. Laws, Ch. 437,Sec. 1, eff. 6/1/2024.Amended by 2023 Md. Laws, Ch. 113, Sec. 1, eff. 6/1/2023.