Md. Code Ann., Local Gov't § 1-1421
Trust agreement
Effective Oct 1, 2017Added as Local Government § 5-421 by Acts 2013, c. 119, § 2, eff. Oct. 1, 2013. Renumbered as Local Government § 1-1421 by Acts 2017, c. 618, § 1, eff. Oct. 1, 2017; Acts 2017, c. 619, § 1, eff. Oct. 1, 2017.State of Maryland
- (a) The corporate trustee under a trust agreement may be a trust company or bank that has the powers of a trust company in or outside the State.
- (b) An expense incurred in carrying out the trust agreement or a resolution may be treated as part of the cost of the operation of a project.
Added as Local Government § 5-421 by Acts 2013, c. 119, § 2, eff. Oct. 1, 2013. Renumbered as Local Government § 1-1421 by Acts 2017, c. 618, § 1, eff. Oct. 1, 2017; Acts 2017, c. 619, § 1, eff. Oct. 1, 2017.