Maryland Financial Institutions Section 3-518

      (a)      A trust company may register in the name of a nominee any assets of a common trust fund that it administers.

      (b)      The nominee may be either an individual or a partnership.

      (c)      A trust company that registers assets in the name of a nominee shall:

            (1)      Show the assets and the name of the nominee on its records; and

            (2)      If the nominee is operated or controlled by the trust company, supervise any possession or control of the assets by the nominee.

      (d)      A transfer agent or registrar of a corporation whose stocks, bonds, securities, or other obligations are registered in the name of a nominee under this section is not required to investigate and may not be held liable for treating the nominee as the owner of the assets.