Md. Code, Economic Development § 10-842
This is the official text of Md. Code, Economic Development § 10-842, part of Maryland’s Code, Economic Development — governs the state's economic development programs.
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§10–842.
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 or unit of the State or a political subdivision;
(ii) a bank, trust company, savings and loan association, investment company, or other person conducting a banking business;
(iii) an insurance company, insurance association, or other person conducting 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 unit of the State or a political subdivision for any purpose for which the deposit of bonds or 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 or unit of the State or a political subdivision;
(ii) a bank, trust company, savings and loan association, investment company, or other person conducting a banking business;
(iii) an insurance company, insurance association, or other person conducting 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 unit of the State or a political subdivision for any purpose for which the deposit of bonds or obligations of the State is authorized by law.
Status: in_force · Read it on the official government site
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