Maryland Statutes
Subtitle 5 - Common Trust Funds
Section 3-512 - Limitations on Investments and Interests

(a)    Except as otherwise provided in this section, a trust company may not:
        (1)    Invest its own funds in a common trust fund that it administers; or
        (2)    Have any interest, other than its fiduciary interest, in the assets in a common trust fund that it administers.
    (b)    If, because of a creditor relationship or otherwise, a trust company acquires an interest in a participation in a common trust fund that it administers, the participation shall be withdrawn on the next valuation date allowed by the fund plan.
    (c)    A trust company does not have a prohibited interest in the assets of a common trust fund that it administers merely because the trust company owns in its own right any stocks, bonds, or other obligations issued by a person from whom the fund also holds stocks, bonds, or other obligations.

Structure Maryland Statutes