Md. Code, Local Gov't § 21-513

Current with changes from the 2024 Legislative Session effective on or before 7/1/2024, from Chs.. 2 through 1049

Section 21-513 - Bonds are securities

Bonds issued under this subtitle are securities:

(1) that may be deposited with and received by a unit of the State or a political subdivision for any purpose for which the deposit of bonds or obligations of the State is authorized by law; and

(2) in which any of the following persons or entities may invest money:

(i) an officer or a unit of the State or a political subdivision of the State;

(ii) a bank, a trust company, a savings and loan association, or an investment company;

(iii) an insurance company; and

(iv) a personal representative, a trustee, or any other fiduciary.

Md. Code, LG § 21-513

Revised and recodified by 2013 Md. Laws, Ch. 119,Sec. 2, eff. 10/1/2013.