Statutes Text
Article - Education
§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.