Section 14-307 – Rights and Powers of Courts and Attorney General
Sections 14-303 through 14-307 of this subtitle do not impair the rights and powers of the courts or the Attorney General with respect to any trust.
Section 14-401 – Definitions
(a) In this subtitle the following words have the meanings indicated. (b) “Adult” means an individual who is at least 18 years of age. (c) “Beneficiary” means an individual for whose present benefit property is held by a trustee in accordance with this subtitle. (d) “Conservator” means a person appointed or qualified by a court to act as general, […]
Section 14-402 – Rights, Duties, or Obligations of Trustee, Beneficiary, Transferor, Declarant, or Persons Dealing With Them
(a) (1) The trustee holds title to the trust property. (2) Trust property may not be considered property or an available resource of the beneficiary. (3) The beneficiary may not have any interest in trust property that can be assigned or attached. (4) No part of the trust property may be subject to claims for costs of care provided to […]
Section 14-301 – General Enforcement
(a) Courts of equity have full jurisdiction to enforce trusts for charitable purposes upon suit of the State by the Attorney General or suit of any person having an interest in enforcement of the trust. (b) “Charitable purposes” includes all purposes within either the spirit or letter of the statute of 43 Elizabeth ch. 4 (1601), commonly […]
Section 14-302 – Maryland Uniform Charitable Trusts Administration Act
(a) A court of equity, on application of any trustee, or any interested person, or the Attorney General of the State, may order an administration of a trust, devise or bequest as nearly as possible to fulfill the general charitable intention of the settlor or testator: (1) (i) If the trust for charity is or becomes illegal or […]
Section 14-303 – Prohibited Acts
(a) In the administration of any trust which is a “private foundation,” as defined in § 509 of the Internal Revenue Code, a “charitable trust,” as defined in § 4947(a)(1) of the Internal Revenue Code, or a “split–interest trust,” as defined in § 4947(a)(2) of the Internal Revenue Code, the acts specified in this section are […]