Md. Code, Local Government § 1-1421

Md. Code, Local Government § 1-1421
in effect
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(a) The corporate trustee under a trust agreement may be a trust company or bank that has the powers of a trust company in or outside the State. (b) An expense incurred in carrying out the trust agreement or a resolution may be treated as part of the cost of the operation of a project.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=glg&section=1-1421&enactments=falseFetched: 10/17/2026

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