Maryland § 21-108
Full text of Maryland Maryland Code § 21-108, with citation guidance and answers to common questions.
§ 21-108.
(a) (1) The responsibility for the management, general administration, and proper operation of the several systems is vested in the Board of Trustees.
(2) The Board of Trustees is not responsible for:
(i) reviewing the benefit structures for any of the several systems, except for the purpose of making technical corrections; or
(ii) considering benefit enhancements for any of the several systems.
(3) (i) Each trustee on the Board of Trustees is required to complete at least 8 hours of educational training, including training on investments, fiduciary conduct, board governance, retirement administration and operations, and other relevant topics that the Chairman of the Board of Trustees may deem appropriate, during a 1–year period beginning January 1.
(ii) The training shall be approved by the Chairman of the Board of Trustees to satisfy the 8–hour requirement under subparagraph (i) of this paragraph.
(b) In addition to the Investment Committee established under § 21–114 of this subtitle and the Compensation and Staffing Committee established under § 21–122 of this subtitle, the Board of Trustees may establish other committees.
(c) Subject to §§ 21–122 and 21–123 of this subtitle, the Board of Trustees shall have full power to invest the assets of the several systems.
Frequently Asked Questions About Maryland § 21-108
What does Maryland Code § 21-108 cover?
Section 21-108 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 § 21-108?
A common citation format is "Maryland Code § 21-108" (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 § 21-108 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.