Md. Code, State Finance and Procurement § 6-201
Md. Code, State Finance and Procurement § 6-201
in effect(a) In this subtitle the following words have the meanings indicated.
(b) “Banking institution” means an institution that is incorporated under the laws of the State as a State bank, trust company, or savings bank.
(c) “Collateral” means collateral that is listed under § 6–202 of this subtitle.
(d) “Deposit insurance” means insurance by:
(1) the Federal Deposit Insurance Corporation; or
(2) the Resolution Trust Corporation created under § 21A of the Federal Home Loan Bank Act (12 U.S.C. § 1441a.).
(e) “Financial institution” means:
(1) any banking institution;
(2) any national banking association;
(3) an institution that is incorporated under the laws of any other state as a bank; or
(4) an institution that is incorporated under the laws of this State or of the United States as a savings and loan association.
(f) “National banking association” means an institution that is incorporated under federal law as a bank.
(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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gsf§ion=6-201&enactments=falseFetched: 10/17/2026