Maryland Code, STATE FINANCE AND PROCUREMENT 6-201
Terms Used In Maryland Code, STATE FINANCE AND PROCUREMENT 6-201
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(b) “Banking institution” means an institution that is incorporated under the laws of the State as a State bank, trust company, or savings bank.
(c) “Collateral” means collateral that is listed under § 6-202 of this subtitle.
(d) “Deposit insurance” means insurance by:
(1) the Federal Deposit Insurance Corporation; or
(2) the Resolution Trust Corporation created under § 21A of the Federal Home Loan Bank Act (12 U.S.C. § 1441a.).
(e) “Financial institution” means:
(1) any banking institution;
(2) any national banking association;
(3) an institution that is incorporated under the laws of any other state as a bank; and
(4) an institution that is incorporated under the laws of this State or of the United States as a savings and loan association.
(f) “National banking association” means an institution that is incorporated under federal law as a bank.
(g) “State money” for purposes of §§ 6-209 and 6-210 of this subtitle includes money in a bank account maintained under the control of an employee or official of the clerk of the court or register of wills.