{"data":{"id":"us-md/md.-code-financial-institutions-3-103","jurisdiction":"us-md","citation":"Md. Code, Financial Institutions § 3–103","heading":"","body":"(a) This section applies to a commercial bank that:\n(1) Is not in the business of accepting deposits or retaining funds in a deposit account as defined in § 5-509 of this article; and\n(2) Is not controlled by or under common control with a banking institution or a national banking association with its principal office located in this State.\n(b) A commercial bank subject to this section shall operate in compliance with all requirements and standards for the exercise of fiduciary powers that are applicable under 12 C.F.R. Part 9 to a trust department of a State-chartered trust company that is in the business of accepting deposits or retaining funds in a deposit account as defined in § 5-509 of this article.","path":["Article - Financial Institutions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi\u0026section=3-103","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:58:27Z","sha256":"bacddf313f4e9df33abf6abb671c99daece590b2eecfc10249f529d5c4ebe39e","source_id":"us-md","stale":false,"prev":"us-md/md.-code-financial-institutions-3-102","next":"us-md/md.-code-financial-institutions-3-201"},"notice":"GroundRules: Original legal text. Not legal advice."}