§ 12-712
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/md/economic-development/12-712A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§12–712. IN EFFECT
// EFFECTIVE UNTIL SEPTEMBER 30, 2029 PER CHAPTERS 215 AND 216 OF 2025 //
(a)The Authority may create and administer the accounts that it requires.
(b)The Authority shall deposit its money into a Baltimore City or national bank or a federally insured savings and loan association that has a total paid–in capital of at least $1,000,000.
(c)The Authority may designate the trust department of a Baltimore City or national bank or savings and loan association as a depository to receive securities that the Authority owns or acquires.