{"data":{"id":"us-md/md.-code-state-finance-and-procurement-8-205","jurisdiction":"us-md","citation":"Md. Code, State Finance and Procurement § 8–205","heading":"","body":"(a) A State unit authorized to issue bonds may issue bonds:\n(1) in coupon form; or\n(2) notwithstanding any other provision of law, in a form that qualifies as a registered form under §§ 103 and 149 of the Internal Revenue Code or a regulation proposed or adopted under those sections.\n(b) Whenever a State unit provides for the sale of bonds in registered form, the State unit may:\n(1) establish procedures for the registration and transfer of the bonds;\n(2) appoint any agent, including an authenticating trustee, corporate trustee, paying agent, registrar, or transfer agent;\n(3) in connection with the establishment and maintenance of a central depository system for the transfer or pledge of the bonds, make agreements with:\n(i) custodian banks and their nominees; or\n(ii) financial intermediaries and their nominees; and\n(4) exercise any other power that relates to issuance of bonds in registered form.","path":["Article - State Finance and Procurement"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gsf\u0026section=8-205","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T20:00:48Z","sha256":"ea95549943d2a62d105292db72d9b293c7a3b5a1bd5b7ae2d9ae067112fecfdd","source_id":"us-md","stale":false,"prev":"us-md/md.-code-state-finance-and-procurement-8-202","next":"us-md/md.-code-state-finance-and-procurement-8-206"},"notice":"GroundRules: Original legal text. Not legal advice."}