§ 10–119
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 10-119 (2026)
Title 10. Statewide Development Resources and Revenue Authorities
Subtitle 1. Maryland Economic Development Corporation
§ 10–119LinkCopy Citation
Bonds are securities:
(1)
in which any of the following persons may legally and properly invest money, including capital that the person owns or controls:
(i)
an officer of a governmental unit;
(ii)
a bank, trust company, savings and loan association, investment company, or other person operating a banking business;
(iii)
an insurance association or other person operating an insurance business;
(iv)
a personal representative, guardian, trustee, or other fiduciary; and
(v)
any other person; and
(2)
that may be deposited with and received by a governmental unit or any officer of the State or a governmental unit for any purpose for which the deposit of bonds or other obligations of the State is authorized by law.