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Maryland Code, Economic Development § 10-119

Current as of January 01, 2025 | Updated by Findlaw Staff

Bonds are securities:

(1) in which any of the following persons may legally and properly invest money, including capital that the person owns or controls:

(i) an officer of a governmental unit;

(ii) a bank, trust company, savings and loan association, investment company, or other person operating a banking business;

(iii) an insurance association or other person operating an insurance business;

(iv) a personal representative, guardian, trustee, or other fiduciary; and

(v) any other person; and

(2) that may be deposited with and received by a governmental unit or any officer of the State or a governmental unit for any purpose for which the deposit of bonds or other obligations of the State is authorized by law.

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Cite this article: FindLaw.com - Maryland Code, Economic Development § 10-119 - last updated January 01, 2025 | https://codes.findlaw.com/md/economic-development/md-code-econ-dev-sect-10-119/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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