§ 12–712
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 12-712 (2026)
Title 12. Local Development Authorities and Resources
Subtitle 7. Baltimore City -- West North Avenue Development Authority
§ 12–712LinkCopy Citation
(a)
The Authority may create and administer the accounts that it requires.
(b)
The Authority shall deposit its money into a Baltimore City 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 Baltimore City or national bank or savings and loan association as a depository to receive securities that the Authority owns or acquires.