Maryland § 15-145
Full text of Maryland Maryland Code § 15-145, with citation guidance and answers to common questions.
§ 15-145.
(a) (1) In this section the following words having the meanings indicated.
(2) “Health savings account” has the meaning stated in § 223 of the Internal Revenue Code.
(3) “High deductible health plan” has the meaning stated in § 223 of the Internal Revenue Code.
(b) A health savings account is established on the first day that an individual becomes covered by a high deductible health plan.
(c) The health savings account shall be opened with a trustee or custodian within the time period prescribed by law, without extensions, for filing a federal income tax return for the year in which the health savings account is established.
(d) A health savings account is established regardless of a transfer of cash or other property to the account and, unless required by the trustee or custodian, it is not necessary for any party to sign a health savings account trust or custodial agreement regarding the health savings account.
Frequently Asked Questions About Maryland § 15-145
What does Maryland Code § 15-145 cover?
Section 15-145 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 § 15-145?
A common citation format is "Maryland Code § 15-145" (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 § 15-145 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.