{"data":{"id":"us-md/md.-code-state-finance-and-procurement-6-201","jurisdiction":"us-md","citation":"Md. Code, State Finance and Procurement § 6–201","heading":"","body":"(a) In this subtitle the following words have the meanings indicated.\n(b) “Banking institution” means an institution that is incorporated under the laws of the State as a State bank, trust company, or savings bank.\n(c) “Collateral” means collateral that is listed under § 6–202 of this subtitle.\n(d) “Deposit insurance” means insurance by:\n(1) the Federal Deposit Insurance Corporation; or\n(2) the Resolution Trust Corporation created under § 21A of the Federal Home Loan Bank Act (12 U.S.C. § 1441a.).\n(e) “Financial institution” means:\n(1) any banking institution;\n(2) any national banking association;\n(3) an institution that is incorporated under the laws of any other state as a bank; or\n(4) an institution that is incorporated under the laws of this State or of the United States as a savings and loan association.\n(f) “National banking association” means an institution that is incorporated under federal law as a bank.\n(g) “State money” for purposes of §§ 6–209 and 6–210 of this subtitle includes money in a bank account maintained under the control of an employee or official of the clerk of the court or register of wills.","path":["Article - State Finance and Procurement"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gsf\u0026section=6-201","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T20:00:48Z","sha256":"9bcc360c3849ee981cd4dabe271b9e7c44557834561659723ef3f862cd229f16","source_id":"us-md","stale":false,"prev":"us-md/md.-code-state-finance-and-procurement-6-106","next":"us-md/md.-code-state-finance-and-procurement-6-202"},"notice":"GroundRules: Original legal text. Not legal advice."}