Maryland Code, LOCAL GOVERNMENT 21-513
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Terms Used In Maryland Code, LOCAL GOVERNMENT 21-513
- Fiduciary: A trustee, executor, or administrator.
- Personal representative: includes an administrator and an executor. See
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See - Trustee: A person or institution holding and administering property in trust.
Bonds issued under this subtitle are securities:
(1) that may be deposited with and received by a unit of the State or a political subdivision for any purpose for which the deposit of bonds or obligations of the State is authorized by law; and
(2) in which any of the following persons or entities may invest money:
(i) an officer or a unit of the State or a political subdivision of the State;
(ii) a bank, a trust company, a savings and loan association, or an investment company;
(iii) an insurance company; and
(iv) a personal representative, a trustee, or any other fiduciary.