{"data":{"id":"us-md/md.-code-economic-development-10-119","jurisdiction":"us-md","citation":"Md. Code, Economic Development § 10–119","heading":"","body":"Bonds are securities:\n(1) in which any of the following persons may legally and properly invest money, including capital that the person owns or controls:\n(i) an officer of a governmental unit;\n(ii) a bank, trust company, savings and loan association, investment company, or other person operating a banking business;\n(iii) an insurance association or other person operating an insurance business;\n(iv) a personal representative, guardian, trustee, or other fiduciary; and\n(v) any other person; and\n(2) that may be deposited with and received by a governmental unit or any officer of the State or a governmental unit for any purpose for which the deposit of bonds or other obligations of the State is authorized by law.","path":["Article - Economic Development"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gec\u0026section=10-119","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:57:28Z","sha256":"9e59d435c7256ef57caf0ac4fc96db71db54cf95205063f822db66ff5ac52d1a","source_id":"us-md","stale":false,"prev":"us-md/md.-code-economic-development-10-118","next":"us-md/md.-code-economic-development-10-120"},"notice":"GroundRules: Original legal text. Not legal advice."}