Maryland Statutes
Part I - Definitions; General Provisions
Section 21-513 - Bonds Are Securities

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.

Structure Maryland Statutes