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2017 Maryland Code
Estates and Trusts
Title 14.5. Maryland Trust Act.
Subtitle 8 - Duties and Powers of Trustee.
§ 14.5-810. Records; keeping property separate.
Universal Citation: MD Est & Trusts Code § 14.5-810 (2017)
- (a) Records of administration of trust. -- A trustee shall keep adequate records of the administration of the trust.
- (b) Keeping trust property separate. -- A trustee shall keep trust property separate from the property of the trustee.
- (c) Designation of trust property. -- Except as otherwise provided in subsection (d) of this section, a trustee shall cause the trust property to be designated so that the interest of the trust, to the extent feasible, appears in records maintained by a party other than a trustee or beneficiary.
- (d) Investment of property of two or more separate trusts. -- If the trustee maintains records clearly indicating the respective interests, a trustee may invest as a whole the property of two or more separate trusts.
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