Maryland State Personnel and Pensions Section 35-301

Article - State Personnel and Pensions

§ 35-301.

      (a)      In this section, "fiduciary" means a person with discretionary authority or control over:

            (1)      the management or administration of any of the supplemental retirement plans; or

            (2)      the management or disposition of the assets of any of the supplemental retirement plans.

      (b)      A fiduciary is subject to the duties and responsibilities imposed on fiduciaries by Title 21, Subtitle 2 of this article.

      (c)      A fiduciary is entitled to indemnification and insurance as provided under § 21-207 of this article.



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