Unannotated Code of Maryland (Last Updated: May 16, 2014) |
FINANCIAL INSTITUTIONS |
TITLE 13. STATE-OPERATED FINANCIAL PROGRAMS |
SUBTITLE 10. CANAL PLACE PRESERVATION AND DEVELOPMENT AUTHORITY |
PART III. BONDS |
§ 13-1025. Agreements to enhance marketability or to provide security; investments in bonds
Latest version.
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(a) Agreements authorized. -- The Authority may enter into agreements with agents, banks, insurers, or others for the purpose of enhancing the marketability of, or as a security for, its bonds.
(b) Investments authorized. -- Any financial institution, investment company, insurance company or association, and any personal representative, guardian, trustee, or other fiduciary, may legally invest any moneys belonging to them or within their control in any bonds issued by the Authority.