# Estates and Trusts (GET)

## Title 15. Fiduciaries

### Subtitle 3. Maryland Uniform Act for the Simplification of Fiduciary Security Transfers

#### Section 15-307

(a) A person who participates in the acquisition, disposition, assignment or transfer of a security by or to a fiduciary, including a person who guarantees the signature of the fiduciary, shall have the immunity from liability described under Sec. 5-421(b) of the Courts and Judicial Proceedings Article.

(b) If a corporation or transfer agent makes a transfer pursuant to an assignment by a fiduciary, a person who guaranteed the signature of the fiduciary shall have the immunity from liability described under Sec. 5-421(c) of the Courts and Judicial Proceedings Article.

(c) This section and Sec. 5-421 of the Courts and Judicial Proceedings Article do not impose any liability upon the corporation or its transfer agent.

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Md. Code Ann., Est. & Trusts (as displayed at mgaleg.maryland.gov, October 16, 2026)