2020 Maryland Statutes
Real Property
Title 9 - Statutory Liens on Real Property
Subtitle 2 - Trust Relationships in the Construction Industry
Section 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.

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.