Maryland Statutes
§ 1-503
Maryland § 1-503
This text of Maryland § 1-503 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Business Regulation § 1-503 (2026).
Text
(a)A person engaged in a trade or business who, in the course of that trade or business, receives more than $10,000 in currency in 1 transaction shall keep a record of the transaction and shall file with the Department within 15 days of the date of the transaction a report of the transaction.
(b)The reporting requirements of this section are complied with if the person engaged in a trade or business files with the Department a duplicate copy of the report required by 26 U.S.C. § 6050-I.
(c)The Secretary shall adopt regulations appropriate to carry out the purposes of this subtitle and to provide for exemption of transactions that are clearly of a legitimate nature for which mandatory reporting would serve no useful purpose.
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Related
§ 6050
26 U.S.C. § 6050
Nearby Sections
15
Cite This Page — Counsel Stack
Bluebook (online)
Maryland § 1-503, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/1-503.