Statutes, codes, and regulations
Code of Maryland
Article - REAL PROPERTYTitle 9 - STATUTORY LIENS ON REAL PROPERTY
Subtitle 2 - TRUST RELATIONSHIPS IN THE CONSTRUCTION INDUSTRY
Section 9-202 - Liability for retention or use of money held in trust under Section 9-201 of this subtitle

Md. Code, Real. Prop. § 9-202

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Current with changes from the 2024 Legislative Session
Section 9-202 - Liability for retention or use of money held in trust under Section 9-201 of this subtitle

Any officer, director, or managing agent of any contractor or subcontractor, who knowingly retains or uses the money held in trust under § 9-201 of this subtitle, or any part thereof, for any purpose other than to pay those subcontractors for whom the money is held in trust, shall be personally liable to any person damaged by the action.

Md. Code, RP § 9-202