Maryland · Maryland Code — Transportation Article
Md. Code, Transp. § 4-311: (a) (1) Revenue bonds issued under this subtitle may be secured by a trust agreement between the Authority and a corporate trustee, which may be any trust company or bank having trust powers within or without this State
What this law says, in plain English
This statute governs how a public Authority may issue revenue bonds secured by trust agreements with banks or trust companies, and what provisions those agreements may contain regarding bondholder protections and project operations.
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