Maryland Statutes
§ 15-512
Maryland § 15-512
This text of Maryland § 15-512 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Estates and Trusts § 15-512 (2026).
Text
(a)To the extent that a trustee accounts for receipts from rental property pursuant to this section, the trustee shall allocate to income an amount received as rent of real or personal property, including an amount received for cancellation or renewal of a lease.
(b)An amount received as a refundable deposit, including a security deposit or a deposit that is to be applied as rent for future periods, shall be added to principal and held subject to the terms of the lease and is not available for distribution to a beneficiary until the trustee’s contractual obligations have been satisfied with respect to that amount.
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Bluebook (online)
Maryland § 15-512, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/get/15-512.