Md. Code, Real Property § 10-301.2
This is the official text of Md. Code, Real Property § 10-301.2, part of Maryland’s Code, Real Property — governs real estate transactions and landlord-tenant law.
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.
§10–301.
Official statutory text
§10–301.2.
(a) A vendor or builder may deposit trust money in:
(1) A noninterest bearing checking account;
(2) One or more savings accounts; or
(3) Any combination of accounts in any bank or savings and loan association authorized by federal or State law to do business in the State.
(b) Trust money in the hands of the vendor or builder may be invested in any other investment vehicle specified by the client or beneficial owner or as they and the licensee may agree.
(a) A vendor or builder may deposit trust money in:
(1) A noninterest bearing checking account;
(2) One or more savings accounts; or
(3) Any combination of accounts in any bank or savings and loan association authorized by federal or State law to do business in the State.
(b) Trust money in the hands of the vendor or builder may be invested in any other investment vehicle specified by the client or beneficial owner or as they and the licensee may agree.
Status: in_force · Read it on the official government site
Dealing with a real estate matter in Maryland?
See all Maryland Real Estate lawyers
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.