{"data":{"id":"us-md/md.-code-economic-development-10-842","jurisdiction":"us-md","citation":"Md. Code, Economic Development § 10–842","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 or unit of the State or a political subdivision;\n(ii) a bank, trust company, savings and loan association, investment company, or other person conducting a banking business;\n(iii) an insurance company, insurance association, or other person conducting 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 unit of the State or a political subdivision for any purpose for which the deposit of bonds or obligations of the State is authorized by law.","path":["Article - Economic Development"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gec\u0026section=10-842","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:57:28Z","sha256":"967813609eccbf7f364505dfec7fff2b9bb4729a963cd6a8f1d4b1696573f84d","source_id":"us-md","stale":false,"prev":"us-md/md.-code-economic-development-10-841","next":"us-md/md.-code-economic-development-10-843"},"notice":"GroundRules: Original legal text. Not legal advice."}