Maryland Statutes
Subtitle 1 - Security for Construction Contracts
Section 17-105 - Form of Security; Filing

(a)    Security under this subtitle:
        (1)    if required by the State or a unit of the State government, shall be payable to “the State of Maryland”; or
        (2)    if required by any other public body, shall be payable to that public body.
    (b)    The form of payment security or performance security shall be approved:
        (1)    for the State or a unit of the State government, by the Attorney General; and
        (2)    for any other public body, by its attorney.
    (c)    The contractor shall file the security or evidence of a trust account established as security:
        (1)    if payable to the State under this section, in the Office of the Comptroller; or
        (2)    if payable to any other public body, in the appropriate office of that public body.

Structure Maryland Statutes