Md. Code, Financial Institutions § 3-517
This is the official text of Md. Code, Financial Institutions § 3-517, part of Maryland’s Code, Financial Institutions — regulates banks and lenders.
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§3–517.
Official statutory text
(a) The ownership of and title to the individual assets in a common trust fund are solely in the trust company, as trustee of the fund.
(b) A trust company shall show clearly on its records:
(1) The name of each fiduciary account on behalf of which the trust company holds a participation in a common trust fund; and
(2) The extent of the interest held for that fiduciary account.
(b) A trust company shall show clearly on its records:
(1) The name of each fiduciary account on behalf of which the trust company holds a participation in a common trust fund; and
(2) The extent of the interest held for that fiduciary account.
Status: in_force · Read it on the official government site
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