Except as provided in § 3-507 of this subtitle, a fund plan shall state the name of the fund and include detailed provisions, not inconsistent with this subtitle, as to:
(1) The intervals at which the trust company will determine the value of the assets in the fund;
(2) The intervals at which the trust company will have an audit made of the fund;
(3) The manner in which the fund is to be operated;
(4) The investment powers of the trust company with respect to the fund;
(5) The terms and conditions that govern entry in and withdrawal from the fund;
(6) The auditing and settling of accounts of the trust company with respect to the fund;
(7) The basis and method to be used for valuing fund assets;
(8) The circumstances and manner in which the fund may be terminated; and
(9) Any other matters that are necessary to define clearly the rights and duties of the trust company and fund participants.
Structure Maryland Statutes
Title 3 - Banking Institutions -- Commercial Banks
Subtitle 5 - Common Trust Funds
Section 3-502 - Establishment of Fund
Section 3-503 - Powers of Trust Company
Section 3-504 - Fund Plans in General
Section 3-505 - Required Provisions for Fund Plans
Section 3-506 - Optional Provisions for Fund Plans
Section 3-507 - Optional Method of Administration
Section 3-508 - Filing of Fund Plan; Inspection; Copying
Section 3-509 - Amendment of Fund Plan
Section 3-510 - Investment in Fund
Section 3-512 - Limitations on Investments and Interests
Section 3-513 - Fund Entry and Withdrawal; Valuation; Distribution
Section 3-514 - Evidence of Participation in Fund
Section 3-515 - Fund Management; Management Fees
Section 3-516 - Valuation Dates; Audits; Special Accounting
Section 3-517 - Ownership of Assets; Records
Section 3-518 - Registration of Assets in Name of Nominee