Plain Text Law

§ 14.5-810

Statutes in effect as of October 1, 2026.

Md. Code Ann., Est. & Trusts § 14.5-810 (2026)
Title 14.5. Maryland Trust Act
Subtitle 8. Duties and Powers of Trustee

§ 14.5-810Copy Citation

(a)
A trustee shall keep adequate records of the administration of the trust.
(b)
A trustee shall keep trust property separate from the property of the trustee.
(c)
Except as otherwise provided in subsection (d) of this section, a trustee shall cause the trust property to be designated so that the interest of the trust, to the extent feasible, appears in records maintained by a party other than a trustee or beneficiary.
(d)
If the trustee maintains records clearly indicating the respective interests, a trustee may invest as a whole the property of two or more separate trusts.