Maryland Financial Institutions Section 3-517

Article - Financial Institutions

§ 3-517.

      (a)      The ownership of and title to the individual assets in a common trust fund are solely in the trust company, as trustee of the fund.

      (b)      A trust company shall show clearly on its records:

            (1)      The name of each fiduciary account on behalf of which the trust company holds a participation in a common trust fund; and

            (2)      The extent of the interest held for that fiduciary account.



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