Md. Code, Education § 18-1908
This is the official text of Md. Code, Education § 18-1908, part of Maryland’s Code, Education — governs public schools and universities in Maryland.
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§18–1908.
Official statutory text
(a) Each fiduciary shall be covered by a surety bond or an insurance policy of the type and in the amount of coverage determined by the State Treasurer under § 5–108 of the State Government Article, as a fiduciary of the Trust.
(b) Unless a fiduciary is bonded, the fiduciary may not exercise custody or control of any assets of the Trust.
(c) A fiduciary may not allow another fiduciary to act in violation of this section.
(b) Unless a fiduciary is bonded, the fiduciary may not exercise custody or control of any assets of the Trust.
(c) A fiduciary may not allow another fiduciary to act in violation of this section.
Status: in_force · Read it on the official government site
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