2010 Maryland Code
ESTATES AND TRUSTS
TITLE 14 - TRUSTS
Subtitle 1 - General Provisions
Section 14-105 - Protection of person dealing with trustee.
§ 14-105. Protection of person dealing with trustee.
In the absence of actual knowledge or of reasonable cause to inquire as to whether a trustee is improperly exercising his power, a person dealing with a trustee need not inquire whether a trustee is properly exercising his power, and is protected as if the trustee properly exercised the power. A person need not see to the proper application of trust assets paid or delivered to a trustee.
[An. Code 1957, art. 16, § 199C; 1974, ch. 11, § 2.]
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