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§ 13-826. Acceptable securities

West's Annotated Code of MarylandTax-General

West's Annotated Code of Maryland
Tax-General (Refs & Annos)
Title 13. Procedure (Refs & Annos)
Subtitle 8. Collections (Refs & Annos)
Part V. Security for Taxes (Refs & Annos)
MD Code, Tax - General, § 13-826
§ 13-826. Acceptable securities
Currentness
The following securities are acceptable:
(1) a bond issued by a surety company that is authorized to do business in the State and is approved by the State Insurance Commissioner as to solvency and responsibility;
(2) cash in an amount that the tax collector approves;
(3) marketable securities that the tax collector approves; or
(4) for admissions and amusement tax, alcoholic beverage tax, boxing and wrestling tax, and tobacco tax, an irrevocable letter of credit:
(i) in an amount that the Comptroller approves; and
(ii) with a date certain for coverage during the collection period.

Credits

Added by Acts 1988, c. 2, § 1, eff. Jan. 1, 1989. Amended by Acts 1988, c. 569, § 1; Acts 1994, c. 692, § 1, eff. Oct. 1, 1994.
Formerly Art. 2B, § 142; Art. 56, § 141; Art. 81, §§ 312, 313A, 340, 341, 391, 392, 408, 419, 436.
MD Code, Tax - General, § 13-826, MD TAX GENERAL § 13-826
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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