Maryland Code, ESTATES AND TRUSTS 14.5-811
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Terms Used In Maryland Code, ESTATES AND TRUSTS 14.5-811
- Trustee: A person or institution holding and administering property in trust.
(a) A trustee shall take reasonable steps to enforce claims of the trust and to defend claims against the trust.
(b) A trustee may abandon a claim that is unreasonable to enforce or assign the claim to one or more of the beneficiaries of the trust holding the claim.