There is a newer version of the Maryland Code
2013 Maryland Code
FINANCIAL INSTITUTIONS
§ 3-510 - Investment in fund
MD Fin Inst Code § 3-510 (2013) What's This?
§3-510.
A trust company, acting in a fiduciary capacity, may invest money in one or more common trust funds if:
(1) The trust company holds the money for investment; and
(2) The instrument or authorization that created the fiduciary relationship does not contain any terms inconsistent with this type of investment.
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