2013 Maryland Code
FINANCIAL INSTITUTIONS
§ 3-506 - Optional provisions for fund plans
§3-506.
(a) A fund plan may provide for:
(1) The amortization of premiums on bonds or other obligations;
(2) The disposition of discounts, profits, stock rights, stock dividends, and extraordinary dividends;
(3) The allocation or apportionment between principal or income of the items specified in item (2) of this subsection; and
(4) Any other similar matters.
(b) To the extent that a fund plan does not provide otherwise as to the determination, allocation, and apportionment of principal and income, the principles of Title 14 of the Estates and Trusts Article apply.
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