§ 15-114. Guidelines and standards for investment of assets
(e) If more than one person has investment authority over fiduciary assets, this section shall apply if any of those persons is a fiduciary.
(f) Nothing in this section shall abrogate or restrict the power of a court to:
(1) Direct or permit a fiduciary to deviate from the terms of a governing instrument; or
(2) Direct or permit a fiduciary to take, or to restrain a fiduciary from taking, any action regarding the making or retention of investments.
(g) This section shall apply to any person who:
(1) Is a trustee, guardian, conservator, committee, custodian under the Maryland Uniform Transfers to Minors Act, investment manager, or investment advisor; and
(2) Files with the Commissioner of Financial Regulation a statement that the person elects to have this section apply to all fiduciary assets controlled by the person.