§ 8–205
Statutes in effect as of October 1, 2026.
Md. Code Ann., State Fin. & Proc. § 8-205 (2026)
Title 8. Debt
Subtitle 2. Debts of State Units
§ 8–205LinkCopy Citation
(a)
A State unit authorized to issue bonds may issue bonds:
(1)
in coupon form; or
(2)
notwithstanding any other provision of law, in a form that qualifies as a registered form under §§ 103 and 149 of the Internal Revenue Code or a regulation proposed or adopted under those sections.
(b)
Whenever a State unit provides for the sale of bonds in registered form, the State unit may:
(1)
establish procedures for the registration and transfer of the bonds;
(2)
appoint any agent, including an authenticating trustee, corporate trustee, paying agent, registrar, or transfer agent;
(3)
in connection with the establishment and maintenance of a central depository system for the transfer or pledge of the bonds, make agreements with:
(i)
custodian banks and their nominees; or
(ii)
financial intermediaries and their nominees; and
(4)
exercise any other power that relates to issuance of bonds in registered form.