Maryland State Personnel and Pensions Section 21-206

      (a)      Subject to § 21-207 of this subtitle, a fiduciary who breaches any of the responsibilities, obligations, or duties imposed on a fiduciary by this subtitle:

            (1)      is personally liable to the several systems for any losses to the several systems resulting from a breach;

            (2)      shall restore to the several systems any profits of the fiduciary made through use of assets of the several systems by the fiduciary; and

            (3)      is subject to any equitable or remedial relief, including removal of the fiduciary, that a court considers appropriate.

      (b)      A fiduciary is not liable with respect to a breach of fiduciary duty under this subtitle if the breach was committed:

            (1)      before the fiduciary became a fiduciary; or

            (2)      after the fiduciary ceased to be a fiduciary.