Section 21-209 - Disqualification of fiduciary; penalties. - Maryland Statutes

§ 21-209. Disqualification of fiduciary; penalties.
 

(a)  Disqualification; prohibited acts.-  

(1) Notwithstanding any other law, a person may not serve as a fiduciary if the person has been convicted of: 

(i) a felony; 

(ii) a misdemeanor involving moral turpitude; 

(iii) a violation of this subtitle; 

(iv) a conspiracy or attempt to commit a crime described under item (i), (ii), or (iii) of this paragraph; or 

(v) a crime in which a crime described under item (i), (ii), (iii), or (iv) of this paragraph is an element. 

(2) A person may not knowingly allow another person to serve as a fiduciary in violation of paragraph (1) of this subsection. 

(b)  Penalties.- Any person who intentionally violates subsection (a) of this section is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $10,000 or imprisonment not exceeding 1 year or both. 

(c)  Date of conviction.- For the purposes of this section, a person is deemed to be convicted on the later of: 

(1) the date of judgment of the trial court; or 

(2) the date of the final sustaining of judgment on appeal. 

(d)  Removal.- A fiduciary may be removed for a violation of subsection (a) of this section. 
 

[An. Code 1957, art. 73B, §§ 1-206, 1-209; 1994, ch. 6, § 2.]