Maryland Code, Corporations and Associations § 12-405
Current as of December 31, 2021 | Updated by FindLaw Staff
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(a) This section applies to a statutory trust that is an investment company, as defined by the Investment Company Act of 1940.
(b) A trustee of a statutory trust who with respect to the statutory trust is not an interested person, as defined by the Investment Company Act of 1940, shall be deemed to be independent and disinterested when making a determination or taking any action as a trustee.
Cite this article: FindLaw.com - Maryland Code, Corporations and Associations § 12-405 - last updated December 31, 2021 | https://codes.findlaw.com/md/corporations-and-associations/md-code-corp-and-assns-sect-12-405/
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