Md. Code, Est. & Trusts § 4-409

Current with changes from the 2024 Legislative Session
Section 4-409 - Legacy for charitable use

A legacy for charitable use may not be void because of an uncertainty with respect to the donees:

(1) If the will making the legacy also contains directions for the formation of a corporation to take the legacy; and
(2)
(i) If the legacy is immediate and not subject to a life estate, a corporation is formed in accordance with the directions, capable and willing to receive and administer the legacy, within 12 months from the probate of the will; or
(ii) If the legacy is subject to a life estate, a corporation shall be formed at a time between probate of the will and the end of 12 months following the expiration of a life estate or life estates.

Md. Code, ET § 4-409

Amended by 2019 Md. Laws, Ch. 197,Sec. 1, eff. 10/1/2019.