# Financial Institutions (GFI)

## Title 3. Banking Institutions -- Commercial Banks

### Subtitle 1. Definitions; General Provisions

#### Section 3-103

(a) This section applies to a commercial bank that:

  (1) Is not in the business of accepting deposits or retaining funds in a deposit account as defined in Sec. 5-509 of this article; and

  (2) Is not controlled by or under common control with a banking institution or a national banking association with its principal office located in this State.

(b) A commercial bank subject to this section shall operate in compliance with all requirements and standards for the exercise of fiduciary powers that are applicable under 12 C.F.R. Part 9 to a trust department of a State-chartered trust company that is in the business of accepting deposits or retaining funds in a deposit account as defined in Sec. 5-509 of this article.

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Md. Code Ann., Fin. Inst. (as displayed at mgaleg.maryland.gov, October 16, 2026)