§ 14.5-404
Statutes in effect as of October 1, 2026.
Md. Code Ann., Est. & Trusts § 14.5-404 (2026)
Title 14.5. Maryland Trust Act
Subtitle 4. Creation, Validity, Modification, and Termination of Trust
§ 14.5-404LinkCopy Citation
(a)
A trust may be created only to the extent that the purposes of the trust are lawful, not contrary to public policy, and possible to achieve.
(b)
A trust and the terms of the trust shall be for the benefit of the beneficiaries of the trust.