Md. Code, Fin. Inst. § 3-517

Current with changes from the 2024 Legislative Session
Section 3-517 - Ownership of assets; records
(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.

Md. Code, FI § 3-517