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§ 1-1421. Trust agreement

West's Annotated Code of MarylandLocal GovernmentEffective: October 1, 2017

West's Annotated Code of Maryland
Local Government (Refs & Annos)
Division I. Definitions; General Provisions [Titles 1-3] (Refs & Annos)
Title 1. Definitions; General Provisions (Refs & Annos)
Subtitle 14. Establishment of Land Bank Authorities (Refs & Annos)
Effective: October 1, 2017
MD Code, Local Government, § 1-1421
Formerly cited as MD LOCAL GOVT § 5-421Formerly cited as MD CODE, Art. 23A, § 72
§ 1-1421. Trust agreement
Currentness
Trustee
(a) The corporate trustee under a trust agreement may be a trust company or bank that has the powers of a trust company in or outside the State.
Expense
(b) An expense incurred in carrying out the trust agreement or a resolution may be treated as part of the cost of the operation of a project.

Credits

Added as Local Government § 5-421 by Acts 2013, c. 119, § 2, eff. Oct. 1, 2013. Renumbered as Local Government § 1-1421 by Acts 2017, c. 618, § 1, eff. Oct. 1, 2017; Acts 2017, c. 619, § 1, eff. Oct. 1, 2017.
MD Code, Local Government, § 1-1421, MD LOCAL GOVT § 1-1421
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