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The Treasurer may not designate a financial institution or a foreign institution as a depositary unless the Governor approves the designation.
Structure Maryland Statutes
Maryland Statutes
State Finance and Procurement
Division I - State Finance
Title 6 - Revenues
Subtitle 2 - State Treasury
Part II - Depositaries
Section 6-205 - Designations Authorized; Foreign Banks and Institutions
Section 6-206 - Gubernatorial Approval
Section 6-209 - Deposit Insurance and Collateral
Section 6-210 - Reports
Section 6-212 - Linked Deposit Program for Small Businesses