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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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LOCAL GOVERNMENT |
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DIVISION IV. LOCAL FINANCE |
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TITLE 16. IN GENERAL |
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SUBTITLE 1. GENERAL PROVISIONS |
§ 16-111. Trusts
Latest version.
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(a) Scope of section. -- This section applies to all counties except Baltimore City.
(b) Authority to receive and hold trust. -- The governing body of a county may receive, hold, and control in trust all money or other property that is given to the county in trust for the purpose of education.
(c) Administration of trust. -- By resolution or otherwise, the governing body of a county may provide for the administration of the trust in the manner prescribed by the trust instrument.
(d) Duty of State's Attorneys. -- If the governing body of a county is neglectful in administering the trust, the State's Attorney of the county shall institute proceedings in the circuit court to compel the proper administration of the trust.