Maryland § 11-629
Full text of Maryland Maryland Code § 11-629, with citation guidance and answers to common questions.
§ 11-629.
(a) The Commission shall:
(1) administer the Fund with the help and advice of the Advisory Committee; and
(2) order each payment that is to be made from the Fund.
(b) The Commission shall:
(1) deposit the money allocated by each licensee to the Fund into a bank or trust company in the State; and
(2) require the bank or trust company to secure the Fund by collateral.
(c) Within 5 days after a race meeting, the licensee shall pay to the Commission to be held in the Fund all money that is allocated to the Fund under this title but was not disbursed during the race meeting.
(d) If the Commission uses ordinary care to choose the depository bank or trust company, members are not personally liable for loss to the Fund because of failure, insolvency, or other fault of the depository.
Frequently Asked Questions About Maryland § 11-629
What does Maryland Code § 11-629 cover?
Section 11-629 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 11-629?
A common citation format is "Maryland Code § 11-629" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 11-629 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.