§ 15-113
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/md/estates-and-trusts/15-113·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§15–113.
An entity that controls, is controlled by, or is under common control with a trust company shall be jointly and severally liable for claims against the trust company when the trust company is acting as a trustee of bond indentures or similar debt issuances, if the trust company:
(1)May exercise trust or fiduciary powers in the State; and
(2)Meets the qualifications under 12 U.S.C. § 1841(c)(2)(D).