Maryland Statutes

§ 21-205

Maryland·Article gsp State Personnel and Pensions·Title 21

In exercising authority, control, or discretion with respect to the several systems, a fiduciary may not:

(1)use the assets of the several systems for the fiduciary's own interest or account;
(2)act in a transaction involving the several systems on behalf of a person, or represent a person, if the interests of the person are adverse to the interests of the several systems or the interests of participants;
(3)receive any consideration for the fiduciary's own account from a person dealing with the several systems in connection with a transaction involving the assets of the several systems; or
(4)become an endorser or surety or, in any manner, an obligor, for money lent to or borrowed from the Board of Trustees.

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Nearby Sections

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