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§ 17-504. Accounts eligible for trust money

West's Annotated Code of MarylandBusiness Occupations and Professions

West's Annotated Code of Maryland
Business Occupations and Professions
Title 17. Real Estate Brokers (Refs & Annos)
Subtitle 5. Miscellaneous Provisions (Refs & Annos)
Part I. Trust Accounts
MD Code, Business Occupations & Professions, § 17-504
§ 17-504. Accounts eligible for trust money
Currentness
Unless the owner and beneficial owner give written instructions to the contrary, a real estate broker may deposit trust money in:
(1) a noninterest bearing checking account;
(2) a noninterest bearing savings account; or
(3) any combination of these accounts.

Credits

Added by Acts 1989, c. 3, § 1, eff. Oct. 1, 1989. Amended by Acts 1989, c. 597. Renumbered from Business Occupations and Professions § 16-504 by Acts 1994, c. 3, § 13, eff. Feb. 28, 1994. Amended by Acts 1995, c. 58, § 2, eff. Oct. 1, 1995.
Formerly Art. 56A, § 4-504.
MD Code, Business Occupations & Professions, § 17-504, MD BUS OCCUP & PROF § 17-504
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.
End of Document