Terms Used In Maryland Code, EDUCATION 18-19B-06

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • state: means :

    (1) a state, possession, territory, or commonwealth of the United States; or

    (2) the District of Columbia. See
(a) The Board, the Broker-Dealer Plan, and the investment accounts issued under this subtitle are not subject to the provisions of the Insurance Article.

(b) The assets and income of the Maryland Broker-Dealer College Investment Plan are exempt from State and local taxation.

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