§ 15–113
Statutes in effect as of October 1, 2026.
Md. Code Ann., Est. & Trusts § 15-113 (2026)
Title 15. Fiduciaries
Subtitle 1. General Provisions
§ 15–113LinkCopy Citation
An entity that controls, is controlled by, or is under common control with a trust company shall be jointly and severally liable for claims against the trust company when the trust company is acting as a trustee of bond indentures or similar debt issuances, if the trust company:
(1)
May exercise trust or fiduciary powers in the State; and
(2)
Meets the qualifications under 12 U.S.C. § 1841(c)(2)(D).