Md. Code, Local Gov't § 21-513
Md. Code, Local Gov't § 21-513
Maryland · Maryland Code, Local Government · Status: effective
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- Citation
- Md. Code, Local Gov't § 21-513, Maryland, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1782950
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Full text
Bonds issued under this subtitle are securities:
(1) that may be deposited with and received by a unit of the State or a political subdivision for any purpose for which the deposit of bonds or obligations of the State is authorized by law; and
(2) in which any of the following persons or entities may invest money:
(i) an officer or a unit of the State or a political subdivision of the State;
(ii) a bank, a trust company, a savings and loan association, or an investment company;
(iii) an insurance company; and
(iv) a personal representative, a trustee, or any other fiduciary.