Md. Code, Estates and Trusts § 15-113

Md. Code, Estates and Trusts § 15-113
in effect
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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).
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=get&section=15-113&enactments=falseFetched: 10/17/2026

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