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Maryland · Through 2026-01-01

Md. Code, Financial Institutions § 5–615

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  1. Article - Financial Institutions

In the distribution of the general assets of a trust company that is liquidated or reorganized, 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.

Collected 2026-09-14T19:58:27Z. Source file · JSON

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