§ 6–201
Statutes in effect as of October 1, 2026.
Md. Code Ann., State Fin. & Proc. § 6-201 (2026)
Title 6. Revenues
Subtitle 2. State Treasury
§ 6–201LinkCopy Citation
(a)
In this subtitle the following words have the meanings indicated.
(b)
“Banking institution” means an institution that is incorporated under the laws of the State as a State bank, trust company, or savings bank.
(c)
“Collateral” means collateral that is listed under § 6–202 of this subtitle.
(d)
“Deposit insurance” means insurance by:
(1)
the Federal Deposit Insurance Corporation; or
(2)
the Resolution Trust Corporation created under § 21A of the Federal Home Loan Bank Act (12 U.S.C. § 1441a.).
(e)
“Financial institution” means:
(1)
any banking institution;
(2)
any national banking association;
(3)
an institution that is incorporated under the laws of any other state as a bank; or
(4)
an institution that is incorporated under the laws of this State or of the United States as a savings and loan association.
(f)
“National banking association” means an institution that is incorporated under federal law as a bank.
(g)
“State money” for purposes of §§ 6–209 and 6–210 of this subtitle includes money in a bank account maintained under the control of an employee or official of the clerk of the court or register of wills.