§ 3-510

Md. Code, Financial Institutions § 3-510, under Article — Financial Institutions.

Md. Code, Financial Institutions § 3-510

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.