Maryland § 17-309
Full text of Maryland Maryland Code § 17-309, with citation guidance and answers to common questions.
§ 17-309.
(a) The State Treasurer shall maintain a separate account designated by name or number for each authorized participant in the Pool, including the State, to record the individual transactions and totals of all investments of each authorized participant.
(b) At least monthly, the State Treasurer shall credit accumulated income to each authorized participant’s account.
(c) (1) The State Treasurer shall provide to each authorized participant a monthly report of the changes in investments made during the preceding month.
(2) On request, the State Treasurer shall provide a detailed report of any transaction relating to an investment of an authorized participant.
(d) On request, the State Treasurer shall pay from the Pool the principal and credited income of an account maintained for an authorized participant if the request conforms to the terms of the deposit.
(e) (1) The State Treasurer may not make a payment from an account of an authorized participant in an amount that exceeds the total amount of money in the account.
(2) The payee shall refund any excess amount paid.
Frequently Asked Questions About Maryland § 17-309
What does Maryland Code § 17-309 cover?
Section 17-309 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 § 17-309?
A common citation format is "Maryland Code § 17-309" (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 § 17-309 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.