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§ 10-219. Revenue bonds--Legal investments

West's Annotated Code of MarylandEconomic DevelopmentEffective: October 1, 2008

West's Annotated Code of Maryland
Economic Development (Refs & Annos)
Division II. Independent and Regional Development Units and Resources [Titles 9-End] (Refs & Annos)
Title 10. Statewide Development Resources and Revenue Authorities (Refs & Annos)
Subtitle 2. Maryland Food Center Authority (Refs & Annos)
Effective: October 1, 2008
MD Code, Economic Development, § 10-219
§ 10-219. Revenue bonds--Legal investments
Currentness
Bonds are securities:
(1) in which any of the following persons may legally and properly invest money, including capital that the person owns or controls:
(i) an officer or unit of the State or a political subdivision;
(ii) a bank, trust company, savings and loan association, investment company, or other person conducting a banking business;
(iii) an insurance company, insurance association, or other person conducting an insurance business;
(iv) a personal representative, guardian, trustee, or other fiduciary; and
(v) any other person; and
(2) 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 other obligations of the State is authorized by law.

Credits

Added by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008.
MD Code, Economic Development, § 10-219, MD ECON DEV § 10-219
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document