§ 3-510. Investment in fund

MD Fin Inst Code § 3-510 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

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

(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.