Maryland § 21-205
Full text of Maryland Maryland Code § 21-205, with citation guidance and answers to common questions.
§ 21-205.
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.
Frequently Asked Questions About Maryland § 21-205
What does Maryland Code § 21-205 cover?
Section 21-205 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 § 21-205?
A common citation format is "Maryland Code § 21-205" (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 § 21-205 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.