Except as provided in § 5-2-403(b) and (c), 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 is void. This section does not preclude indemnification of or insurance for a fiduciary in accordance with § 5-2-406 or § 5-2-407.
(1985 Code, Art. 7, § 2-408) (Bill No. 88-96; Bill No. 90-01)