In this subtitle the following words have the meanings indicated. “Bank” has the meaning stated in 12 U.S.C. § 1841(c). “Bank holding company” has the meaning stated in 12 U.S.C. § 1841(a). “Beneficiary” means a person who receives or is entitled as a matter of right to receive a current distribution of principal or income from a trust, estate, or fund with respect to which a substitution of a corporate fiduciary is made under this subtitle. “Beneficiary” includes: If the beneficiary is a minor, the beneficiary’s natural or legal guardian; or If the beneficiary is a disabled person, as defined in § 13-101 of this article, any person acting on behalf of the beneficiary under a guardianship, conservatorship, or committee. “Capital requirement” means a provision in any court order, statute, regulation, or writing, including a will, trust, or similar document or instrument, that requires a fiduciary to have a specified minimum amount of capital or capital and surplus. “Corporate fiduciary” means: A bank; A trust company; or Any other corporate entity that is authorized to act as a fiduciary under the laws of this State. “Fiduciary” includes: A trustee; An executor or executrix; A personal representative; A receiver; A special administrator; A guardian; A conservator; A committee; A custodian under the Maryland Uniform Transfers to Minors Act; and Any other person who has a fiduciary relationship the responsibilities of which are customarily performed by a corporate fiduciary. “Successor fiduciary” means a corporate fiduciary that is substituted for another corporate fiduciary under the provisions of § 15-1A-02 of this subtitle, by reason of: A merger or consolidation of corporate fiduciaries; The acquisition of the stock or assets of a corporate fiduciary by another corporate fiduciary; The transfer by a corporate fiduciary of its trust and fiduciary business to another corporate fiduciary; or The acquisition or formation by a corporate fiduciary of a subsidiary, which is itself a corporate fiduciary, in order to undertake the trust and fiduciary business of the subsidiary’s parent entity. “Trust company” has the meaning stated in § 1-101 of this article.