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Maryland Code, Real Property § 9-202

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

Any officer, director, or managing agent of any contractor or subcontractor, who knowingly retains or uses the money held in trust under § 9-201 of this subtitle, or any part thereof, for any purpose other than to pay those subcontractors for whom the money is held in trust, shall be personally liable to any person damaged by the action.

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Cite this article: FindLaw.com - Maryland Code, Real Property § 9-202 - last updated January 01, 2025 | https://codes.findlaw.com/md/real-property/md-code-real-prop-sect-9-202/

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