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2017 Maryland Code
Estates and Trusts
Title 14.5. Maryland Trust Act.
Subtitle 4 - Creation, Validity, Modification, and Termination of Trust.
§ 14.5-404. Purposes and benefits.
Universal Citation:
MD Est & Trusts Code § 14.5-404 (2017)
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- (a) Purposes. -- A trust may be created only to the extent that the purposes of the trust are lawful, not contrary to public policy, and possible to achieve.
- (b) Trust is for benefit of beneficiaries. -- A trust and the terms of the trust shall be for the benefit of the beneficiaries of the trust.
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