§ 35-301. Fiduciary

MD State Pers & Pens Code § 35-301 (2019) (N/A)
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(a)    In this section, “fiduciary” means a person with discretionary authority or control over:

(1)    the management or administration of any of the supplemental retirement plans; or

(2)    the management or disposition of the assets of any of the supplemental retirement plans.

(b)    A fiduciary is subject to the duties and responsibilities imposed on fiduciaries by Title 21, Subtitle 2 of this article.

(c)    A fiduciary is entitled to indemnification and insurance as provided under § 21-207 of this article.