§ 3–510
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 3-510 (2026)
Title 3. Banking Institutions -- Commercial Banks
Subtitle 5. Common Trust Funds
§ 3–510LinkCopy Citation
A trust company, acting in a fiduciary capacity, may invest money in one or more common trust funds if:
(1)
The trust company holds the money for investment; and
(2)
The instrument or authorization that created the fiduciary relationship does not contain any terms inconsistent with this type of investment.