Md. Code, Est. & Trusts § 14.5-809

Current with changes from the 2024 Legislative Session
Section 14.5-809 - Control and protection of trust property; exception

A trustee shall take reasonable steps to take control of and protect the trust property, except that this duty does not apply to, and the trustee is not responsible for, items of tangible personal property that are property of a trust that is revocable by the settlor and that are not in the possession or control of the trustee.

Md. Code, ET § 14.5-809

Added by 2014 Md. Laws, Ch. 585,Sec. 1, eff. 1/1/2015.