Md. Code, Financial Institutions § 13-1018
This is the official text of Md. Code, Financial Institutions § 13-1018, part of Maryland’s Code, Financial Institutions — regulates banks and lenders.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§13–1018.
Official statutory text
(a) Subject to this part, the Authority may at any time and from time to time issue bonds for any corporate purpose, including the establishment of reserves and the payment of interest.
(b) The Authority:
(1) Shall by resolution authorize any bonds that it issues; and
(2) May secure the bonds by a trust agreement between the Authority and a corporate trustee or trustees, which may be any trust company or bank having the powers of a trust company within or without the State.
(c) The Authority shall notify the Board of Public Works of its intention to issue bonds up to a stated amount.
(b) The Authority:
(1) Shall by resolution authorize any bonds that it issues; and
(2) May secure the bonds by a trust agreement between the Authority and a corporate trustee or trustees, which may be any trust company or bank having the powers of a trust company within or without the State.
(c) The Authority shall notify the Board of Public Works of its intention to issue bonds up to a stated amount.
Status: in_force · Read it on the official government site
Need a lawyer in Maryland?
Find a Maryland lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.