There is a newer version of the Maryland Code
2013 Maryland Code
FINANCIAL INSTITUTIONS
§ 5-615 - Preference for property held in fiduciary capacity
MD Fin Inst Code § 5-615 (2013) What's This?
§5-615.
In the distribution of the general assets of a trust company that is liquidated or reorganized, the person who succeeds the trust company as a personal representative, guardian, trustee, receiver, or other fiduciary has a preference for all debts and accounts that are due to or held by it as fiduciary over all other debts and liabilities, including salaries and wages of employees.
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