Md. Code, Est. & Trusts § 14.5-811

Current with changes from the 2024 Legislative Session
Section 14.5-811 - Enforcement, defense, abandonment or assignment of claims against trust
(a) A trustee shall take reasonable steps to enforce claims of the trust and to defend claims against the trust.
(b) A trustee may abandon a claim that is unreasonable to enforce or assign the claim to one or more of the beneficiaries of the trust holding the claim.

Md. Code, ET § 14.5-811

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