- (1) The intervals at which the trust company will determine the value of the assets in the fund;
- (2) The intervals at which the trust company will have an audit made of the fund;
- (3) The manner in which the fund is to be operated;
- (4) The investment powers of the trust company with respect to the fund;
- (5) The terms and conditions that govern entry in and withdrawal from the fund;
- (6) The auditing and settling of accounts of the trust company with respect to the fund;
- (7) The basis and method to be used for valuing fund assets;
- (8) The circumstances and manner in which the fund may be terminated; and
- (9) Any other matters that are necessary to define clearly the rights and duties of the trust company and fund participants.
Except as provided in § 3-507 of this subtitle, a fund plan shall state the name of the fund and include detailed provisions, not inconsistent with this subtitle, as to:
Added by Acts 1980, c. 33, § 2, eff. July 1, 1980.
Formerly Art. 11, § 62.