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2017 Maryland Code
Estates and Trusts
Title 14.5. Maryland Trust Act.
Subtitle 9 - Liability of Trustees and Rights of Persons Dealing With the Trustee.
§ 14.5-909. Protection of persons dealing with trustees.
Universal Citation: MD Est & Trusts Code § 14.5-909 (2017)
- (a) In general. -- In the absence of actual knowledge or of reasonable cause to inquire as to whether a trustee is improperly exercising the trustee's power, a person dealing with a trustee need not inquire whether a trustee is properly exercising the power of the trustee and is protected as if the trustee properly exercised the power.
- (b) Person entrusting assets to trustee. -- A person need not see to the proper application of trust assets paid or delivered to a trustee.
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