Md. Code, Local Government § 19–204

(a) This section applies only to the following governmental entities:

(1) a county;

(2) a municipality;

(3) a public corporation of the State;

(4) a sanitary commission or district; and

(5) a unit, public corporation, or other instrumentality of a county or

a municipality.

(b) Notwithstanding any other law, a governmental entity authorized to

issue bonds may issue bonds in a form that qualifies as a registered form under §§

103 and 149 of the Internal Revenue Code or a regulation adopted under those

sections.

(c) Whenever a governmental entity provides for the sale of bonds in

registered form, the governmental entity may:

(1) establish procedures for the registration and transfer of the

bonds;

(2) appoint any agent, including an authenticating trustee, corporate

trustee, paying agent, registrar, or transfer agent;

(3) in connection with the establishment and maintenance of a

central depository system for the transfer or pledge of the bonds, make agreements

with:

(i) custodian banks and their nominees; or

(ii) financial intermediaries and their nominees; and

(4) exercise any other power that relates to issuance of bonds in

registered form.