Md. Code, Est. & Trusts § 14.5-110

Current with changes from the 2024 Legislative Session
Section 14.5-110 - Qualified beneficiaries
(a) Whenever notice to qualified beneficiaries of a trust is required under this title, the trustee shall also give notice to any other beneficiary that has sent the trustee a request for notice.
(b) A charitable organization expressly designated to receive distributions under the terms of a charitable trust has the rights of a qualified beneficiary under this title if the charitable organization on the date the qualification of the charitable organization is being determined:
(1) Is a distributee or permissible distributee of trust income or principal;
(2) Would be a distributee or permissible distributee of trust income or principal on the termination of the interests of other distributees or permissible distributees then receiving or eligible to receive distributions; or
(3) Would be a distributee or permissible distributee of trust income or principal if the trust terminated on that date.
(c) A person appointed to enforce a trust created for the care of an animal as provided in § 14.5-407 of this title or another noncharitable purpose as provided in § 14.5-408 of this title has the rights of a qualified beneficiary under this title.
(d) The State's Attorney General has the rights of a qualified beneficiary with respect to a charitable trust having the principal place of administration of the charitable trust in this State.

Md. Code, ET § 14.5-110

Added by 2014 Md. Laws, Ch. 585,Sec. 1, eff. 1/1/2015.