LegalFix
Sign In

§ 21-209. Disqualification of fiduciary; penalties

MD State Pers & Pens Code § 21-209 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(a)    (1)    Notwithstanding any other law, a person may not serve as a fiduciary if the person has been convicted of:

(i)    a felony;

(ii)    a misdemeanor involving moral turpitude;

(iii)    a violation of this subtitle;

(iv)    a conspiracy or attempt to commit a crime described under item (i), (ii), or (iii) of this paragraph; or

(v)    a crime in which a crime described under item (i), (ii), (iii), or (iv) of this paragraph is an element.

(2)    A person may not knowingly allow another person to serve as a fiduciary in violation of paragraph (1) of this subsection.

(b)    Any person who intentionally violates subsection (a) of this section is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $10,000 or imprisonment not exceeding 1 year or both.

(c)    For the purposes of this section, a person is deemed to be convicted on the later of:

(1)    the date of judgment of the trial court; or

(2)    the date of the final sustaining of judgment on appeal.

(d)    A fiduciary may be removed for a violation of subsection (a) of this section.

Previous Section
§ 21-208. Agreement relieving fiduciary from liability
Next Section
§ 21-210. Bond