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§ 3-510. Investment in common trust fund

West's Annotated Code of MarylandFinancial Institutions

West's Annotated Code of Maryland
Financial Institutions
Title 3. Banking Institutions--Commercial Banks
Subtitle 5. Common Trust Funds (Refs & Annos)
MD Code, Financial Institutions, § 3-510
§ 3-510. Investment in common trust fund
Currentness
A trust company, acting in a fiduciary capacity, may invest money in one or more common trust funds if:
(1) The trust company holds the money for investment; and
(2) The instrument or authorization that created the fiduciary relationship does not contain any terms inconsistent with this type of investment.

Credits

Added by Acts 1980, c. 33, § 2, eff. July 1, 1980.
Formerly Art. 11, § 62.
MD Code, Financial Institutions, § 3-510, MD FIN INST § 3-510
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.
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