Section 3-206 - General powers of commercial bank(a) Except as otherwise provided in this article, a commercial bank has all of the general powers granted to Maryland corporations under the Maryland General Corporation Law.(b) In addition to the powers set forth elsewhere in this article, a commercial bank may: (1) Receive deposits of money on which interest may be paid;(2) Buy and sell coin and bullion;(3) Buy and sell foreign and domestic exchange;(4) Subject to § 3-604 of this title, accept drafts drawn on it;(5) Issue letters of credit that authorize the holder to draw drafts on it or on its correspondents payable at sight or at a time not exceeding 1 year;(6) Issue its debt instruments for money that is borrowed or received on deposit or for investment;(7) Lend money on personal security or on real or personal property;(8) Subject to § 3-605 of this title, become owner and lessor of personal property;(9) Subject to § 5-503 of this article, buy, hold, lease, and convey real property;(10) Pledge collateral to secure deposits of: (i) The federal government or its agencies; or(ii) Any state or its political subdivisions;(11) Pledge securities to secure the money of an estate administered under the federal bankruptcy laws;(12) Without being deemed a branch of a depository institution affiliate, act in accordance with § 101(d) of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994, as agent of any depository institution affiliate in: (ii) Renewing time deposits;(v) Receiving payments on loans and other obligations; and(13) Exercise all of the powers usual in carrying on a banking business.