(a) A fund plan may provide for:
(1) The amortization of premiums on bonds or other obligations;
(2) The disposition of discounts, profits, stock rights, stock dividends, and extraordinary dividends;
(3) The allocation or apportionment between principal or income of the items specified in item (2) of this subsection; and
(4) Any other similar matters.
(b) To the extent that a fund plan does not provide otherwise as to the determination, allocation, and apportionment of principal and income, the principles of Titles 14 and 14.5 of the Estates and Trusts Article apply.
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