§ 3-804
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/md/financial-institutions/3-804A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§3–804.
In the distribution of the general assets of a trust company that dissolves voluntarily, the person who succeeds the trust company as a personal representative, guardian, trustee, receiver, or other fiduciary has a preference for all debts and accounts that are due to or held by it as fiduciary over all other debts and liabilities, including salaries and wages of employees.