Maryland § 21-206
Full text of Maryland Maryland Code § 21-206, with citation guidance and answers to common questions.
§ 21-206.
(a) Subject to § 21-207 of this subtitle, a fiduciary who breaches any of the responsibilities, obligations, or duties imposed on a fiduciary by this subtitle:
(1) is personally liable to the several systems for any losses to the several systems resulting from a breach;
(2) shall restore to the several systems any profits of the fiduciary made through use of assets of the several systems by the fiduciary; and
(3) is subject to any equitable or remedial relief, including removal of the fiduciary, that a court considers appropriate.
(b) A fiduciary is not liable with respect to a breach of fiduciary duty under this subtitle if the breach was committed:
(1) before the fiduciary became a fiduciary; or
(2) after the fiduciary ceased to be a fiduciary.
Frequently Asked Questions About Maryland § 21-206
What does Maryland Code § 21-206 cover?
Section 21-206 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 § 21-206?
A common citation format is "Maryland Code § 21-206" (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 § 21-206 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.