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§ 3-517. Records of trust company

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, § 3-517
§ 3-517. Records of trust company
Currentness
Ownership and title to assets
(a) The ownership of and title to the individual assets in a common trust fund are solely in the trust company, as trustee of the fund.
Contents of records
(b) A trust company shall show clearly on its records:
(1) The name of each fiduciary account on behalf of which the trust company holds a participation in a common trust fund; and
(2) The extent of the interest held for that fiduciary account.

Credits

Added by Acts 1980, c. 33, § 2, eff. July 1, 1980.
Formerly Art. 11, § 62.
MD Code, Financial Institutions, § 3-517, MD FIN INST § 3-517
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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