Md. Code, Fin. Inst. § 3-510

Current with changes from the 2024 Legislative Session

Section 3-510 - Investment in fund

A trust company, acting in a fiduciary capacity, may invest money in one or more common trust funds if:

(1) The trust company holds the money for investment; and

(2) The instrument or authorization that created the fiduciary relationship does not contain any terms inconsistent with this type of investment.

Md. Code, FI § 3-510