Maryland Trust Act - Trustee Liability - Release by Interested Parties
Sponsor: Jeff Waldstreicher (District 18)Committee: Judicial ProceedingsSubject: Estates and TrustsStatus: Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 633 (as of Nov 15, 2022)
What this bill does
Official synopsis
Altering a provision of law providing that a trustee seeking a release of the trustee from liability for administration of a trust send a certain interested party from whom the trustee is seeking the release a certain report; providing for the submission of a statement by an interested party to a trust under the Maryland Trust Act that the interested party does not object to the release from liability of a trustee for administration of the trust under certain circumstances; etc.
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Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (6)
MGA witness listFAV 4FavorableUNF 2Unfavorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Jabin, Drew | Maryland Bankers Association | Written (PDF) |
| FAV | Enten, Robert | Md Thoroughbred Horsemen’s Assoc | Oral |
| FAV | Stein, Michael | PNC Bank, N.A. | Oral |
| FAV | Senator Waldstreicher, Senator Waldstreicherlegislator | Individual | Oral |
| UNF | Diefenbach, Linda | Individual | Position only |
| UNF | Love, William | Individual | Position only |