Unless the owner and beneficial owner give written instructions to the contrary, a real estate broker may deposit trust money in:
(1) a noninterest bearing checking account;
(2) a noninterest bearing savings account; or
(3) any combination of these accounts.
Structure Maryland Statutes
Business Occupations and Professions
Title 17 - Real Estate Brokers
Subtitle 5 - Miscellaneous Provisions
Section 17-502 - Handling of Trust Money
Section 17-503 - Authorized Financial Institutions
Section 17-504 - Authorized Accounts
Section 17-505 - Maintenance and Disposition of Trust Money