§ 35-301

Maryland § 35-301

• Jurisdiction: Maryland
• Article gsp: State Personnel and Pensions
• Title: 35

Text

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

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