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Md. Code, Business Regulation § 16-502

This is the official text of Md. Code, Business Regulation § 16-502, part of Maryland’s Code, Business Regulation — governs general business licensing and regulation.

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§16–502.

Official statutory text

(a) Violations of the Escrow Act, an act concerning nonparticipating manufacturers and deposits of funds into escrow accounts, threaten the integrity of the tobacco Master Settlement Agreement, the fiscal soundness of the State, and the public health.

(b) Enacting procedural enhancements will help prevent violations and aid the enforcement of the Escrow Act and thereby safeguard the Master Settlement Agreement, the fiscal soundness of the State, and the public health.

(c) The provisions of this subtitle are not intended to and may not be interpreted to amend the Escrow Act.

Status: in_force · Read it on the official government site

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