{"data":{"id":"us-md/md.-code-education-18-1908","jurisdiction":"us-md","citation":"Md. Code, Education § 18–1908","heading":"","body":"(a) Each fiduciary shall be covered by a surety bond or an insurance policy of the type and in the amount of coverage determined by the State Treasurer under § 5–108 of the State Government Article, as a fiduciary of the Trust.\n(b) Unless a fiduciary is bonded, the fiduciary may not exercise custody or control of any assets of the Trust.\n(c) A fiduciary may not allow another fiduciary to act in violation of this section.","path":["Article - Education"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=ged\u0026section=18-1908","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:57:38Z","sha256":"0ffb8694272056c05883a108e12c0d38e79352a7166b6e7094e4a3ab96d9c2bb","source_id":"us-md","stale":false,"prev":"us-md/md.-code-education-18-1907","next":"us-md/md.-code-education-18-1909"},"notice":"GroundRules: Original legal text. Not legal advice."}