§ 21–209
Statutes in effect as of October 1, 2026.
Md. Code Ann., State Pers. & Pens. § 21-209 (2026)
Title 21. State Retirement and Pension System
Subtitle 2. Fiduciary Responsibilities
§ 21–209LinkCopy Citation
(a)
(1)
Notwithstanding any other law, a person may not serve as a fiduciary if the person has been convicted of:
(i)
a felony;
(ii)
a misdemeanor involving moral turpitude;
(iii)
a violation of this subtitle;
(iv)
a conspiracy or attempt to commit a crime described under item (i), (ii), or (iii) of this paragraph; or
(v)
a crime in which a crime described under item (i), (ii), (iii), or (iv) of this paragraph is an element.
(2)
A person may not knowingly allow another person to serve as a fiduciary in violation of paragraph (1) of this subsection.
(b)
Any person who intentionally violates subsection (a) of this section is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $10,000 or imprisonment not exceeding 1 year or both.
(c)
For the purposes of this section, a person is deemed to be convicted on the later of:
(1)
the date of judgment of the trial court; or
(2)
the date of the final sustaining of judgment on appeal.
(d)
A fiduciary may be removed for a violation of subsection (a) of this section.