There is a newer version of the Maryland Code
2023
2022
2021
2020
2019
Other previous versions
View our newest version here

2013 Maryland Code
STATE PERSONNEL AND PENSIONS
§ 21-210 - Bond


MD State Pers & Pens Code § 21-210 (2013) What's This?

§21-210.

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

(b) (1) Unless a fiduciary is bonded as required by subsection (a) of this section, the fiduciary may not exercise custody or control of any assets of a State system.

(2) A fiduciary may not allow another fiduciary to act in violation of paragraph (1) of this subsection.

(c) The bond required by subsection (a) of this section is the only bond required for a fiduciary to exercise custody or control of any assets of a State system.

Disclaimer: These codes may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.