Maryland Statutes
Subtitle 2 - Formation and Powers
Section 3-206 - General Powers of Commercial Bank

(a)    Except as otherwise provided in this article, a commercial bank has all of the general powers granted to Maryland corporations under the Maryland General Corporation Law.
    (b)    In addition to the powers set forth elsewhere in this article, a commercial bank may:
        (1)    Receive deposits of money on which interest may be paid;
        (2)    Buy and sell coin and bullion;
        (3)    Buy and sell foreign and domestic exchange;
        (4)    Subject to § 3-604 of this title, accept drafts drawn on it;
        (5)    Issue letters of credit that authorize the holder to draw drafts on it or on its correspondents payable at sight or at a time not exceeding 1 year;
        (6)    Issue its debt instruments for money that is borrowed or received on deposit or for investment;
        (7)    Lend money on personal security or on real or personal property;
        (8)    Subject to § 3-605 of this title, become owner and lessor of personal property;
        (9)    Subject to § 5-503 of this article, buy, hold, lease, and convey real property;
        (10)    Pledge collateral to secure deposits of:
            (i)    The federal government or its agencies; or
            (ii)    Any state or its political subdivisions;
        (11)    Pledge securities to secure the money of an estate administered under the federal bankruptcy laws;
        (12)    Without being deemed a branch of a depository institution affiliate, act in accordance with § 101(d) of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994, as agent of any depository institution affiliate in:
            (i)    Receiving deposits;
            (ii)    Renewing time deposits;
            (iii)    Closing loans;
            (iv)    Servicing loans; or
            (v)    Receiving payments on loans and other obligations; and
        (13)    Exercise all of the powers usual in carrying on a banking business.