Maryland § 12-403
Full text of Maryland Maryland Code § 12-403, with citation guidance and answers to common questions.
§ 12-403.
(a) A covered employee of a participating employer may elect to opt out of the Program.
(b) A covered employee of a participating employer who elects to opt out of the Program may re–enroll in the Program in accordance with procedures established by the Board.
(c) After the Board opens the Program for enrollment, an employee of a nonparticipating employer may elect to participate in the Program as authorized by the Board.
(d) A participating employee may terminate participation in the Program at any time in a manner prescribed by the Board.
(e) Unless otherwise specified by the employee, a participating employee shall contribute a fixed percentage or dollar amount of the employee’s salary or wages to the Program.
(f) By regulation, the Board shall set and may adjust the default contribution amount set in subsection (e) of this section.
(g) The assets in a participating employee’s Program account are the property of the participating employee.
Frequently Asked Questions About Maryland § 12-403
What does Maryland Code § 12-403 cover?
Section 12-403 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 § 12-403?
A common citation format is "Maryland Code § 12-403" (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 § 12-403 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.