Maryland Statutes
§ 3-520
Maryland § 3-520
This text of Maryland § 3-520 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., Financial Institutions § 3-520 (2026).
Text
(a)A transfer agent or a transferee of an asset held in the name of a trustee of a common trust fund may presume conclusively that the trustee has an absolute right to transfer or assign the asset.
(b)(1) A transfer agent or a transferee of an asset held in the name of a trustee of a common trust fund is not chargeable with any duty in relation to the fund, a participating account, or any beneficiary of a participating account.
(2)A transferee of an asset held in the name of a trustee of a common trust fund is not liable for the application of any purchase money paid to the trustee.
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Cite This Page — Counsel Stack
Bluebook (online)
Maryland § 3-520, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gfi/3-520.