§ 21–205
Statutes in effect as of October 1, 2026.
Md. Code Ann., State Pers. & Pens. § 21-205 (2026)
Title 21. State Retirement and Pension System
Subtitle 2. Fiduciary Responsibilities
§ 21–205LinkCopy Citation
In exercising authority, control, or discretion with respect to the several systems, a fiduciary may not:
(1)
use the assets of the several systems for the fiduciary's own interest or account;
(2)
act in a transaction involving the several systems on behalf of a person, or represent a person, if the interests of the person are adverse to the interests of the several systems or the interests of participants;
(3)
receive any consideration for the fiduciary's own account from a person dealing with the several systems in connection with a transaction involving the assets of the several systems; or
(4)
become an endorser or surety or, in any manner, an obligor, for money lent to or borrowed from the Board of Trustees.