Md. Code, Economic Development § 12-712
This is the official text of Md. Code, Economic Development § 12-712, part of Maryland’s Code, Economic Development — governs the state's economic development programs.
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§12–712.
Official statutory text
§12–712. IN EFFECT
// EFFECTIVE UNTIL SEPTEMBER 30, 2029 PER CHAPTERS 215 AND 216 OF 2025 //
(a) The Authority may create and administer the accounts that it requires.
(b) The Authority shall deposit its money into a Baltimore City or national bank or a federally insured savings and loan association that has a total paid–in capital of at least $1,000,000.
(c) The Authority may designate the trust department of a Baltimore City or national bank or savings and loan association as a depository to receive securities that the Authority owns or acquires.
// EFFECTIVE UNTIL SEPTEMBER 30, 2029 PER CHAPTERS 215 AND 216 OF 2025 //
(a) The Authority may create and administer the accounts that it requires.
(b) The Authority shall deposit its money into a Baltimore City or national bank or a federally insured savings and loan association that has a total paid–in capital of at least $1,000,000.
(c) The Authority may designate the trust department of a Baltimore City or national bank or savings and loan association as a depository to receive securities that the Authority owns or acquires.
Status: in_force · Read it on the official government site
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