Maryland Statutes
Subtitle 14 - Establishment of Land Bank Authorities
Section 1-1423 - Securities

Bonds are securities:
        (1)    that may be deposited with and received by a unit of the State or a political subdivision of the State 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 legally and properly invest money, including capital that the person or entity owns or controls:
            (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, an investment company, or any other person conducting a banking business;
            (iii)    an insurance company, an insurance association, or any other person conducting an insurance business;
            (iv)    a personal representative, a guardian, a trustee, or any other fiduciary; and
            (v)    any other person.

Structure Maryland Statutes