§ 8-205
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/md/state-finance-and-procurement/8-205·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§8–205.
(a)A State unit authorized to issue bonds may issue bonds:
(1)in coupon form; or
(2)notwithstanding any other provision of law, in a form that qualifies as a registered form under §§ 103 and 149 of the Internal Revenue Code or a regulation proposed or adopted under those sections.
(b)Whenever a State unit provides for the sale of bonds in registered form, the State unit may:
(1)establish procedures for the registration and transfer of the bonds;
(2)appoint any agent, including an authenticating trustee, corporate trustee, paying agent, registrar, or transfer agent;
(3)in connection with the establishment and maintenance of a central depository system for the transfer or pledge of the bonds, make agreements with:
(i)custodian banks and their nominees; or
(ii)financial intermediaries and their nominees; and
(4)exercise any other power that relates to issuance of bonds in registered form.