Maryland Statutes

§ 3-517

Maryland·Article gfi Financial Institutions·Title 3
(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.

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Nearby Sections

15
§ 3-101
§ 3-101
§ 3-102
§ 3-102
§ 3-103
§ 3-103
§ 3-201
§ 3-201
§ 3-202
§ 3-202
§ 3-203
§ 3-203
§ 3-203.1
§ 3-203.1
§ 3-204
§ 3-204
§ 3-205
§ 3-205
§ 3-206
§ 3-206
§ 3-207
§ 3-207
§ 3-208
§ 3-208
§ 3-209
§ 3-209
§ 3-211
§ 3-211
§ 3-211.1
§ 3-211.1
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