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Maryland Code, Transportation § 3-603

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

(a) Notwithstanding any other provision of law or any recitals in the instruments, the bonds, notes, and other evidences of obligation issued under this subtitle are investment securities under the laws of this State.

(b) The bonds, notes, and other evidences of obligation issued under this subtitle and their issuance and sale are exempt from the provisions of §§ 8-206 and 8-208 of the State Finance and Procurement Article.

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Cite this article: FindLaw.com - Maryland Code, Transportation § 3-603 - last updated January 01, 2025 | https://codes.findlaw.com/md/transportation/md-code-trans-sect-3-603/

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