Md. Code, Financial Institutions § 3-517
Md. Code, Financial Institutions § 3-517
in effect(a) The ownership of and title to the individual assets in a common trust fund are solely in the trust company, as trustee of the fund.
(b) A trust company shall show clearly on its records:
(1) The name of each fiduciary account on behalf of which the trust company holds a participation in a common trust fund; and
(2) The extent of the interest held for that fiduciary account.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi§ion=3-517&enactments=falseFetched: 10/17/2026