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Maryland Code, Estates and Trusts § 15-113

Current as of January 01, 2025 | Updated by Findlaw Staff

An entity that controls, is controlled by, or is under common control with a trust company shall be jointly and severally liable for claims against the trust company when the trust company is acting as a trustee of bond indentures or similar debt issuances, if the trust company:

(1) May exercise trust or fiduciary powers in the State; and

(2) Meets the qualifications under 12 U.S.C. § 1841(c)(2)(D).

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Cite this article: FindLaw.com - Maryland Code, Estates and Trusts § 15-113 - last updated January 01, 2025 | https://codes.findlaw.com/md/estates-and-trusts/md-code-est-and-trst-sect-15-113/

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