§ 21-205. Prohibited transactions involving system assets

MD State Pers & Pens Code § 21-205 (2019) (N/A)
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In exercising authority, control, or discretion with respect to the several systems, a fiduciary may not:

(1)    use the assets of the several systems for the fiduciary's own interest or account;

(2)    act in a transaction involving the several systems on behalf of a person, or represent a person, if the interests of the person are adverse to the interests of the several systems or the interests of participants;

(3)    receive any consideration for the fiduciary's own account from a person dealing with the several systems in connection with a transaction involving the assets of the several systems; or

(4)    become an endorser or surety or, in any manner, an obligor, for money lent to or borrowed from the Board of Trustees.