Section 21-513 - Bonds are securitiesBonds 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.Revised and recodified by 2013 Md. Laws, Ch. 119,Sec. 2, eff. 10/1/2013.