1. (a) In this subtitle the following words have the meanings indicated.
2. (b) “Common trust fund” means a fund that a trust company maintains under this subtitle solely for the collective investment of money held by the trust company as fiduciary.
3. (c) “Fund plan” means a written plan for the establishment and administration of a common trust fund.
4. (d) “Trust company” includes a national banking association that has powers similar to those given to a trust company under the laws of this State.
5. (e) “Valuation date” means a date as of which a trust company determines the value of the assets in a common trust fund that it administers.

Added by Acts 1980, c. 33, § 2, eff. July 1, 1980.

Formerly Art. 11, § 62.