§ 10–325
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 10-325 (2026)
Title 10. Statewide Development Resources and Revenue Authorities
Subtitle 3. Maryland Health and Higher Educational Facilities Authority
§ 10–325LinkCopy 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 or unit of the State or a political subdivision;
(ii)
a bank, trust company, savings and loan association, investment company, or other person conducting a banking business;
(iii)
an insurance company, insurance association, or other person conducting 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 unit of the State or a political subdivision for any purpose for which the deposit of bonds or obligations of the State is authorized by law.