§ 3–517
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 3-517 (2026)
Title 3. Banking Institutions -- Commercial Banks
Subtitle 5. Common Trust Funds
§ 3–517LinkCopy Citation
(a)
The ownership of and title to the individual assets in a common trust fund are solely in the trust company, as trustee of the fund.
(b)
A trust company shall show clearly on its records:
(1)
The name of each fiduciary account on behalf of which the trust company holds a participation in a common trust fund; and
(2)
The extent of the interest held for that fiduciary account.