# State Finance and Procurement (GSF)

## Title 6. Revenues

### Subtitle 2. State Treasury

#### Section 6-201

(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 Sec. 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 Sec. 21A of the Federal Home Loan Bank Act (12 U.S.C. Sec. 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 Sec.Sec. 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.

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