Maryland Statutes
§ 3-517
(a)The ownership of and title to the individual assets in a common trust fund are solely in the trust company, as trustee of the fund.
(b)A trust company shall show clearly on its records:
(1)The name of each fiduciary account on behalf of which the trust company holds a participation in a common trust fund; and
(2)The extent of the interest held for that fiduciary account.
Free access — add to your briefcase to read the full text and ask questions with AI
Maryland § 3-517 — published by Counsel Stack Legal Research, free access to 12M+ legal documents.