Md. Code Ann., Fin. Inst. § 3-510 – Investment in common trust fund

(1) The trust company holds the money for investment; and
(2) The instrument or authorization that created the fiduciary relationship does not contain any terms inconsistent with this type of investment.

A trust company, acting in a fiduciary capacity, may invest money in one or more common trust funds if:

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

Formerly Art. 11, § 62.