# State Personnel and Pensions (GSP)

## Title 21. State Retirement and Pension System

### Subtitle 2. Fiduciary Responsibilities

#### Section 21-209

(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.

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Md. Code Ann., State Pers. & Pens. (as displayed at mgaleg.maryland.gov, October 16, 2026)