{"data":{"id":"us-md/md.-code-local-government-1-1423","jurisdiction":"us-md","citation":"Md. Code, Local Government § 1–1423","heading":"","body":"Bonds are securities:\n(1) that may be deposited with and received by a unit of the State or\na political subdivision of the State for any purpose for which the deposit of bonds or\nobligations of the State is authorized by law; and\n(2) in which any of the following persons or entities may legally and\nproperly invest money, including capital that the person or entity owns or controls:\n(i) an officer or a unit of the State or a political subdivision of\nthe State;\n(ii) a bank, a trust company, a savings and loan association, an\ninvestment company, or any other person conducting a banking business;\n(iii) an insurance company, an insurance association, or any\nother person conducting an insurance business;\n(iv) a personal representative, a guardian, a trustee, or any\nother fiduciary; and\n(v) any other person.","path":["Article - Local Government"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=glg\u0026section=1-1423","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:59:58Z","sha256":"ceef55d475f96c1057c3fcb52eead701414005800883438632a9031ebdf00b9a","source_id":"us-md","stale":false,"prev":"us-md/md.-code-local-government-1-1422","next":"us-md/md.-code-local-government-1-1424"},"notice":"GroundRules: Original legal text. Not legal advice."}