2018 Maryland Code
Real Property
Title 9 - Statutory Liens on Real Property
Subtitle 2 - Trust Relationships in the Construction Industry
§ 9-202. Liability for retention or use of money held in trust under § 9-201 of this subtitle

  • Any officer, director, or managing agent of any contractor or subcontractor, who knowingly retains or uses the money held in trust under § 9-201 of this subtitle, or any part thereof, for any purpose other than to pay those subcontractors for whom the money is held in trust, shall be personally liable to any person damaged by the action.

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