§18–1908.

    (a)    The State Treasurer shall purchase a bond for each fiduciary in accordance with Title 9, Subtitle 17 of the State Government Article.

    (b)    Unless a fiduciary is bonded, the fiduciary may not exercise custody or control of any assets of the Trust.

    (c)    A fiduciary may not allow another fiduciary to act in violation of this section.