A bond issued under this subtitle is a security:
(1) In which any person who conducts a banking business, investment business, or insurance business, any fiduciary, any other person, or any public officer or agency of this State or of any political subdivision may invest funds, including capital that:
(i) Is in the control of the person, officer, or agency; or
(ii) Belongs to the person, officer, or agency; and
(2) That may be deposited with and received by any officer or agency of this State, or any political subdivision, or any officer of a political subdivision, for any purpose for which the deposit of bonds or other obligations of this State is authorized by law.
Structure Maryland Statutes
Title 9 - Water, Ice, and Sanitary Facilities
Subtitle 9 - Water and Sewer Authorities
Part IV - Bonds of Authorities
Section 9-928 - Purpose of Bonds
Section 9-929 - Nonapplicability of Other Laws
Section 9-930 - Bonds Not Pledge of Faith and Credit of State or Political Subdivision
Section 9-931 - Bonds Constitute Legal Investments
Section 9-932 - Power to Issue and Secure Bonds
Section 9-933 - Issuance and Sale of Bonds -- Generally
Section 9-935 - Temporary and Lost Bonds
Section 9-936 - Limitations on Issuance of Additional Bonds
Section 9-937 - Refunding Bonds; Joint Cost and Refunding Bonds
Section 9-938 - Securing Bonds by Resolution or Trust Agreement
Section 9-939 - Contents and Effect of Resolution or Trust Agreement
Section 9-940 - Holder of Bonds May Protect and Enforce Rights
Section 9-941 - Principal and Interest; Maturity; Form; Negotiability; Registration; Reconversion