There is a newer version of the Maryland Code
Maryland Estates and Trusts Section 4-407
§ 4-407.
  Subject to the terms of the instrument creating the power, a residuary clause in a will exercises a power of appointment held by the testator only if:
    (1)   An intent to exercise the power is expressly indicated in the will; or
    (2)   The instrument creating the power of appointment fails to provide for disposition of the subject matter of the power upon its nonexercise.
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