Md. Code, Economic Development § 10-119
This is the official text of Md. Code, Economic Development § 10-119, part of Maryland’s Code, Economic Development — governs the state's economic development programs.
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§10–119.
Official statutory text
Bonds are securities:
(1) in which any of the following persons may legally and properly invest money, including capital that the person owns or controls:
(i) an officer of a governmental unit;
(ii) a bank, trust company, savings and loan association, investment company, or other person operating a banking business;
(iii) an insurance association or other person operating an insurance business;
(iv) a personal representative, guardian, trustee, or other fiduciary; and
(v) any other person; and
(2) that may be deposited with and received by a governmental unit or any officer of the State or a governmental unit for any purpose for which the deposit of bonds or other obligations of the State is authorized by law.
(1) in which any of the following persons may legally and properly invest money, including capital that the person owns or controls:
(i) an officer of a governmental unit;
(ii) a bank, trust company, savings and loan association, investment company, or other person operating a banking business;
(iii) an insurance association or other person operating an insurance business;
(iv) a personal representative, guardian, trustee, or other fiduciary; and
(v) any other person; and
(2) that may be deposited with and received by a governmental unit or any officer of the State or a governmental unit for any purpose for which the deposit of bonds or other obligations of the State is authorized by law.
Status: in_force · Read it on the official government site
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