§ 17-105. Form of security; filing

   (a) In general. -- Security under this subtitle:

   (1) if required by the State or a unit of the State government, shall be payable to "the State of Maryland"; or

   (2) if required by any other public body, shall be payable to that public body.

(b) Approval. -- The form of payment security or performance security shall be approved:

   (1) for the State or a unit of the State government, by the Attorney General; and

   (2) for any other public body, by its attorney.

(c) Filing required. -- The contractor shall file the security or evidence of a trust account established as security:

   (1) if payable to the State under this section, in the Office of the Comptroller; or

   (2) if payable to any other public body, in the appropriate office of that public body.

HISTORY: SF § 12-201; 1988, ch. 48, § 2.