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Maryland Education Section 18-1908

Article - Education

§ 18-1908.

      (a)      The Board shall purchase a bond for each fiduciary in accordance with Title 9, Subtitle 17 of the State Government Article.

      (b)      Unless a fiduciary is bonded, the fiduciary may not exercise custody or control of any assets of the Trust.

      (c)      A fiduciary may not allow another fiduciary to act in violation of this section.