§ 21-419
102 words·~1 min read·
/md/local-government/21-419A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§21–419.
Bonds issued under this part 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, trustee, or other fiduciary.