Maryland · Maryland Code — Transportation Article
Md. Code, Transp. § 4-317: All public officers and public agencies of this State and its political subdivisions, all banks, trust companies, savings and loan associations, investment companies, and others carrying on a banking business, all insurance companies, insurance associations, and others carrying on an insurance busin
What this law says, in plain English
This statute authorizes public officers, banks, insurance companies, fiduciaries, and others to invest funds in revenue bonds and deposit them with state or municipal officers for purposes where state bond deposits are permitted.
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