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§ 9-931. Bonds as investments or security

West's Annotated Code of MarylandEnvironment

West's Annotated Code of Maryland
Environment
Title 9. Water, Ice, & Sanitary Facilities (Refs & Annos)
Subtitle 9. Water and Sewer Authorities
Part IV. Bonds of Authorities
MD Code, Environment, § 9-931
§ 9-931. Bonds as investments or security
Currentness
A bond issued under this subtitle is a security:
(1) In which any person who conducts a banking business, investment business, or insurance business, any fiduciary, any other person, or any public officer or agency of this State or of any political subdivision may invest funds, including capital that:
(i) Is in the control of the person, officer, or agency; or
(ii) Belongs to the person, officer, or agency; and
(2) That may be deposited with and received by any officer or agency of this State, or any political subdivision, or any officer of a political subdivision, for any purpose for which the deposit of bonds or other obligations of this State is authorized by law.

Credits

Added by Acts 1985, c. 173, § 2.
MD Code, Environment, § 9-931, MD ENVIR § 9-931
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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