§ 12–502
Statutes in effect as of October 1, 2026.
Md. Code Ann., Lab. & Empl. § 12-502 (2026)
Title 12. Maryland Small Business Retirement Savings Program and Trust
Subtitle 5. Limitation of Liability
§ 12–502LinkCopy Citation
(a)
The State may not be held liable for the payment of the retirement savings benefit earned by Program participants in accordance with this title.
(b)
The debts, contracts, and obligations of the Board, Trust, or the Program are not the debts, contracts, and obligations of the State and neither the faith and credit nor the taxing power of the State is pledged directly or indirectly to the payment of the debts, contracts, and obligations.