Maryland Code, STATE PERSONNEL AND PENSIONS 21-202
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Terms Used In Maryland Code, STATE PERSONNEL AND PENSIONS 21-202
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
The Board of Trustees shall hold the assets of each of the several systems for the exclusive purposes of providing:
(1) benefits to participants; and
(2) for reasonable expenses of administration.