There is a newer version of the Maryland Code
Maryland Corporations and Associations Section 12-201
§ 12-201.
  (a)   Except as provided in subsection (b) of this section, a business trust may carry on any lawful business for any purposes.
  (b)   A business trust may not carry on the business of:
    (1)   Granting policies of insurance or assuming insurance risks; or
    (2)   Banking.
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