Maryland Code, ESTATES AND TRUSTS 13-222
Terms Used In Maryland Code, ESTATES AND TRUSTS 13-222
- Fiduciary: A trustee, executor, or administrator.
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- including: means includes or including by way of illustration and not by way of limitation. See
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
- Personal property: All property that is not real property.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See - Statute: A law passed by a legislature.
(i) Sell, purchase, or mortgage real estate in the State; and
(ii) Collect, receipt for, take possession of, and remove to the other jurisdiction:
1. Money due;
2. Tangible personal property; or
3. An instrument evidencing a debt, an obligation, a stock, or a chose in action located in the State.
(2) Subject to any statute or rule relating to nonresidents, the guardian, conservator, committee, or other similar fiduciary, appointed by the appropriate court of another jurisdiction, may sue and be sued in the State.
(b) Before receiving actual notice of the pendency of a guardianship proceeding in the State, a person who has changed the person’s position by relying on the powers granted by this section may not be prejudiced by the pendency of the proceeding.