Maryland § 2-602
Full text of Maryland Maryland Code § 2-602, with citation guidance and answers to common questions.
§ 2-602.
(a) The Treasurer shall deposit in a box or vault as provided in subsection (b) of this section:
(1) all of the physical securities that the State owns; and
(2) all of the physical securities that, by State law, the Treasurer holds, in trust or otherwise, for a corporation or individual.
(b) (1) With the approval of the Board of Public Works, the Treasurer shall procure a box or vault.
(2) The box or vault shall be located in the offices of the Treasurer.
(3) Each box or vault in which securities are kept shall be built so that 2 different keys are needed to gain access to the securities.
(4) The Comptroller and the Treasurer each shall have 1 of these keys.
(5) Access to a box or vault in which physical securities are kept under this section shall be permitted only:
(i) when the Governor, the Comptroller, the Chief Deputy Comptroller, or a Deputy Comptroller accompanies the Treasurer; or
(ii) if access is needed and the Treasurer cannot be present:
1. when the Governor, the Comptroller, the Chief Deputy Comptroller, or a Deputy Comptroller accompanies the Chief Deputy Treasurer; or
2. when the Governor, the Comptroller, or the Chief Deputy Comptroller accompanies a Deputy Treasurer.
(c) The Treasurer shall determine which physical securities are deposited or held in each box or vault.
Frequently Asked Questions About Maryland § 2-602
What does Maryland Code § 2-602 cover?
Section 2-602 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 § 2-602?
A common citation format is "Maryland Code § 2-602" (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 § 2-602 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.