Maryland § 3-206

§ 3-206.

    (a)    Except as otherwise provided in this article, a commercial bank has all of the general powers granted to Maryland corporations under the Maryland General Corporation Law.

    (b)    In addition to the powers set forth elsewhere in this article, a commercial bank may:

        (1)    Receive deposits of money on which interest may be paid;

        (2)    Buy and sell coin and bullion;

        (3)    Buy and sell foreign and domestic exchange;

        (4)    Subject to § 3-604 of this title, accept drafts drawn on it;

        (5)    Issue letters of credit that authorize the holder to draw drafts on it or on its correspondents payable at sight or at a time not exceeding 1 year;

        (6)    Issue its debt instruments for money that is borrowed or received on deposit or for investment;

        (7)    Lend money on personal security or on real or personal property;

        (8)    Subject to § 3-605 of this title, become owner and lessor of personal property;

        (9)    Subject to § 5-503 of this article, buy, hold, lease, and convey real property;

        (10)    Pledge collateral to secure deposits of:

            (i)    The federal government or its agencies; or

            (ii)    Any state or its political subdivisions;

        (11)    Pledge securities to secure the money of an estate administered under the federal bankruptcy laws;

        (12)    Without being deemed a branch of a depository institution affiliate, act in accordance with § 101(d) of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994, as agent of any depository institution affiliate in:

            (i)    Receiving deposits;

            (ii)    Renewing time deposits;

            (iii)    Closing loans;

            (iv)    Servicing loans; or

            (v)    Receiving payments on loans and other obligations; and

        (13)    Exercise all of the powers usual in carrying on a banking business.