Md. Code, Financial Institutions § 3-510
This is the official text of Md. Code, Financial Institutions § 3-510, part of Maryland’s Code, Financial Institutions — regulates banks and lenders.
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§3–510.
Official statutory text
A trust company, acting in a fiduciary capacity, may invest money in one or more common trust funds if:
(1) The trust company holds the money for investment; and
(2) The instrument or authorization that created the fiduciary relationship does not contain any terms inconsistent with this type of investment.
(1) The trust company holds the money for investment; and
(2) The instrument or authorization that created the fiduciary relationship does not contain any terms inconsistent with this type of investment.
Status: in_force · Read it on the official government site
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