Current with changes from the 2024 Legislative Session
Section 14.5-810 - Records; keeping property separate(a) A trustee shall keep adequate records of the administration of the trust.(b) A trustee shall keep trust property separate from the property of the trustee.(c) Except as otherwise provided in subsection (d) of this section, a trustee shall cause the trust property to be designated so that the interest of the trust, to the extent feasible, appears in records maintained by a party other than a trustee or beneficiary.(d) If the trustee maintains records clearly indicating the respective interests, a trustee may invest as a whole the property of two or more separate trusts.Added by 2014 Md. Laws, Ch. 585,Sec. 1, eff. 1/1/2015.