Section 21-208 - Agreement relieving fiduciary from liability.
§ 21-208. Agreement relieving fiduciary from liability.
(a) Certain agreements void.- Except as provided in § 21-204(b) and (c) of this subtitle, a provision in an agreement that purports to relieve a fiduciary from a responsibility, obligation, or duty, or liability for a responsibility, obligation, or duty under this subtitle is against public policy and void.
(b) Indemnification.- This subtitle does not preclude indemnification of a fiduciary in accordance with § 21-207 of this subtitle.
[An. Code 1957, art. 73B, § 1-208; 1994, ch. 6, § 2.]