{"data":{"id":"us-md/md.-code-financial-institutions-3-513","jurisdiction":"us-md","citation":"Md. Code, Financial Institutions § 3–513","heading":"","body":"(a) Entry into and withdrawal from participation in a common trust fund may occur only on a valuation date, or, if provided by the plan, within 2 business days after a valuation date.\n(b) Participation shall be based on the valuation as of the valuation date associated with the entry or withdrawal.\n(c) When participation is withdrawn from a common trust fund, the trust company may make distribution in cash, ratably in kind, or both, but all distributions associated with a valuation date shall be made in the same way.","path":["Article - Financial Institutions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi\u0026section=3-513","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:58:27Z","sha256":"01436bd015b3a3f38e03a39e2ddbddd69b8dbf0ab3ab340c6306a9d59be4fe73","source_id":"us-md","stale":false,"prev":"us-md/md.-code-financial-institutions-3-512","next":"us-md/md.-code-financial-institutions-3-514"},"notice":"GroundRules: Original legal text. Not legal advice."}