Md. Code, State Fin. & Proc. § 2-602

Maryland · Maryland Code, State Finance and Procurement · Status: effective

Cite this

Citation: Md. Code, State Fin. & Proc. § 2-602, Maryland, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1786882
Permanent ID: ys:prov:1786882@1
SHA-256: 2824bd0e7261bf60e261d69d8d3ed5e518c6e39a65ce4c7a5a9a06cce828e667

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

(a) The Treasurer shall deposit in a box or vault as provided in subsection (b) of this section: (1) all of the physical securities that the State owns; and (2) all of the physical securities that, by State law, the Treasurer holds, in trust or otherwise, for a corporation or individual. (b) (1) With the approval of the Board of Public Works, the Treasurer shall procure a box or vault. (2) The box or vault shall be located in the offices of the Treasurer. (3) Each box or vault in which securities are kept shall be built so that 2 different keys are needed to gain access to the securities. (4) The Comptroller and the Treasurer each shall have 1 of these keys. (5) Access to a box or vault in which physical securities are kept under this section shall be permitted only: (i) when the Governor, the Comptroller, the Chief Deputy Comptroller, or a Deputy Comptroller accompanies the Treasurer; or (ii) if access is needed and the Treasurer cannot be present: 1. when the Governor, the Comptroller, the Chief Deputy Comptroller, or a Deputy Comptroller accompanies the Chief Deputy Treasurer; or 2. when the Governor, the Comptroller, or the Chief Deputy Comptroller accompanies a Deputy Treasurer. (c) The Treasurer shall determine which physical securities are deposited or held in each box or vault.