Md. Code Ann., Est. & Trusts § 4-409
Charitable legacies
Effective Oct 1, 2019Added by Acts 1974, c. 11, § 2, eff. July 1, 1974. Amended by Acts 2012, c. 66, § 1, eff. April 10, 2012; Acts 2019, c. 197, § 1, eff. Oct. 1, 2019.State of Maryland
- (1) If the will making the legacy also contains directions for the formation of a corporation to take the legacy; and
(2)
- (i) If the legacy is immediate and not subject to a life estate, a corporation is formed in accordance with the directions, capable and willing to receive and administer the legacy, within 12 months from the probate of the will; or
- (ii) If the legacy is subject to a life estate, a corporation shall be formed at a time between probate of the will and the end of 12 months following the expiration of a life estate or life estates.
A legacy for charitable use may not be void because of an uncertainty with respect to the donees:
Added by Acts 1974, c. 11, § 2, eff. July 1, 1974. Amended by Acts 2012, c. 66, § 1, eff. April 10, 2012; Acts 2019, c. 197, § 1, eff. Oct. 1, 2019.
Formerly Art. 93, § 4-409.