Md. Code, Bus. Occ. & Prof. § 17-504

Current with changes from the 2024 legislative session from Chs. 2 through 1049, effective on or before 6/1/2024

Section 17-504 - Authorized accounts

Unless the owner and beneficial owner give written instructions to the contrary, a real estate broker may deposit trust money in:

(1) a noninterest bearing checking account;

(2) a noninterest bearing savings account; or

(3) any combination of these accounts.

Md. Code, BOP § 17-504