Md. Code, State Personnel and Pensions § 21-205
Md. Code, State Personnel and Pensions § 21-205
in effectIn exercising authority, control, or discretion with respect to the several systems, a fiduciary may not:
(1) use the assets of the several systems for the fiduciary's own interest or account;
(2) act in a transaction involving the several systems on behalf of a person, or represent a person, if the interests of the person are adverse to the interests of the several systems or the interests of participants;
(3) receive any consideration for the fiduciary's own account from a person dealing with the several systems in connection with a transaction involving the assets of the several systems; or
(4) become an endorser or surety or, in any manner, an obligor, for money lent to or borrowed from the Board of Trustees.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gsp§ion=21-205&enactments=falseFetched: 10/17/2026