Terms Used In Maryland Code > FINANCIAL INSTITUTIONS > Title 9 > Subtitle 7 > Part I - Conservatorship

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Charity: An agency, institution, or organization in existence and operating for the benefit of an indefinite number of persons and conducted for educational, religious, scientific, medical, or other beneficent purposes.
• Contract: A legal written agreement that becomes binding when signed.
• County: means a county of the State or Baltimore City. See
• Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
• Fraud: Intentional deception resulting in injury to another.
• including: means includes or including by way of illustration and not by way of limitation. See
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• 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