Maryland § 10-107
Full text of Maryland Maryland Code § 10-107, with citation guidance and answers to common questions.
§ 10-107.
(a) The debts, obligations, and liabilities of the Trust are those of the Trust only and are not:
(1) a pledge of the State’s credit; or
(2) those of the State or its officers, employees, or governmental units.
(b) (1) The net earnings of the Trust may not inure to the benefit of a trustee, officer, or private person.
(2) A trustee, officer, or private person is not entitled to share in the distribution of the corporate assets of the Trust.
(3) If the Trust is dissolved or abolished, by act of the General Assembly or otherwise, its assets shall be distributed to the State or a governmental unit of the State.
Frequently Asked Questions About Maryland § 10-107
What does Maryland Code § 10-107 cover?
Section 10-107 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 10-107?
A common citation format is "Maryland Code § 10-107" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 10-107 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.