Current with changes from the 2024 Legislative Session
Section 14.5-807 - Delegation of duties and powers(a)(1) A trustee may delegate duties and powers that a prudent trustee of comparable skills could properly delegate under the circumstances to an agent, even if the agent is associated with the trustee.(2) A trustee shall exercise reasonable care, skill, and caution in: (ii) Establishing the scope and terms of the delegation, consistent with the purposes and terms of the trust; and(iii) Periodically reviewing the actions of the agent in order to monitor the performance of the agent and compliance with the terms of the delegation by the agent.(b) In performing a delegated function, an agent owes a duty to the trust to exercise reasonable care to comply with the terms of the delegation.(c) By accepting a delegation of powers or duties from the trustee of a trust that is subject to the laws of this State, an agent submits to the jurisdiction of the courts of this State.(d) This section does not apply to a delegation of investment duties or powers in accordance with § 15-114 of this article.Added by 2014 Md. Laws, Ch. 585,Sec. 1, eff. 1/1/2015.