{"data":{"id":"us-md/md.-code-financial-institutions-3-501","jurisdiction":"us-md","citation":"Md. Code, Financial Institutions § 3–501","heading":"","body":"(a) In this subtitle the following words have the meanings indicated.\n(b) “Common trust fund” means a fund that a trust company maintains under this subtitle solely for the collective investment of money held by the trust company as fiduciary.\n(c) “Fund plan” means a written plan for the establishment and administration of a common trust fund.\n(d) “Trust company” includes a national banking association that has powers similar to those given to a trust company under the laws of this State.\n(e) “Valuation date” means a date as of which a trust company determines the value of the assets in a common trust fund that it administers.","path":["Article - Financial Institutions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi\u0026section=3-501","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:58:27Z","sha256":"14c896d59ff306a776f838a05f02f74b31fa1bb9e783d381e2b474aedca98b21","source_id":"us-md","stale":false,"prev":"us-md/md.-code-financial-institutions-3-409","next":"us-md/md.-code-financial-institutions-3-502"},"notice":"GroundRules: Original legal text. Not legal advice."}