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2021 Maryland Statutes
Corporations and Associations
Title 12 - Statutory Trusts
Subtitle 4 - Trustees; Powers; Liabilities
Section 12-405 - Investment Company
Universal Citation:
MD. Corporations and Associations Code Ann. § 12-405 (2021)
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(a) This section applies to a statutory trust that is an investment company, as defined by the Investment Company Act of 1940.
(b) A trustee of a statutory trust who with respect to the statutory trust is not an interested person, as defined by the Investment Company Act of 1940, shall be deemed to be independent and disinterested when making a determination or taking any action as a trustee.
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