{"data":{"id":"us-md/md.-code-financial-institutions-3-512","jurisdiction":"us-md","citation":"Md. Code, Financial Institutions § 3–512","heading":"","body":"(a) Except as otherwise provided in this section, a trust company may not:\n(1) Invest its own funds in a common trust fund that it administers; or\n(2) Have any interest, other than its fiduciary interest, in the assets in a common trust fund that it administers.\n(b) If, because of a creditor relationship or otherwise, a trust company acquires an interest in a participation in a common trust fund that it administers, the participation shall be withdrawn on the next valuation date allowed by the fund plan.\n(c) A trust company does not have a prohibited interest in the assets of a common trust fund that it administers merely because the trust company owns in its own right any stocks, bonds, or other obligations issued by a person from whom the fund also holds stocks, bonds, or other obligations.","path":["Article - Financial Institutions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi\u0026section=3-512","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:58:27Z","sha256":"de8dd2fdda70dd960838ad6f4c3ed63f5db9c4baf2e85bfa13e07ab801d3186a","source_id":"us-md","stale":false,"prev":"us-md/md.-code-financial-institutions-3-511","next":"us-md/md.-code-financial-institutions-3-513"},"notice":"GroundRules: Original legal text. Not legal advice."}