Section 35-301 - Fiduciary. - Maryland Statutes

§ 35-301. Fiduciary.
 

(a)  "Fiduciary" defined.- In this section, "fiduciary" means a person with discretionary authority or control over: 

(1) the management or administration of any of the supplemental retirement plans; or 

(2) the management or disposition of the assets of any of the supplemental retirement plans. 

(b)  Duties and responsibilities.- A fiduciary is subject to the duties and responsibilities imposed on fiduciaries by Title 21, Subtitle 2 of this article. 

(c)  Indemnification and insurance.- A fiduciary is entitled to indemnification and insurance as provided under § 21-207 of this article. 
 

[An. Code 1957, art. 73C, § 8; 1994, ch. 6, § 2.]