2013 Maryland Code
STATE PERSONNEL AND PENSIONS
§ 21-205 - Prohibited transactions involving system assets
§21-205.
In exercising authority, control, or discretion with respect to the several systems, a fiduciary may not:
(1) use the assets of the several systems for the fiduciary’s own interest or account;
(2) act in a transaction involving the several systems on behalf of a person, or represent a person, if the interests of the person are adverse to the interests of the several systems or the interests of participants;
(3) receive any consideration for the fiduciary’s own account from a person dealing with the several systems in connection with a transaction involving the assets of the several systems; or
(4) become an endorser or surety or, in any manner, an obligor, for money lent to or borrowed from the Board of Trustees.
Disclaimer: These codes may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
