§ 12–1212
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 12-1212 (2026)
Title 12. Local Development Authorities and Resources
Subtitle 12
§ 12–1212LinkCopy Citation
(a)
The Authority may create and administer the accounts that the Authority requires.
(b)
The Authority shall deposit its money into a Prince George’s County or national bank or a federally insured savings and loan association that has a total paid–in capital of at least $1,000,000.
(c)
The Authority may designate the trust department of a Prince George’s County or national bank or savings and loan association as a depository to receive securities that the Authority owns or acquires.