Maryland § 3-501
Full text of Maryland Maryland Code § 3-501, with citation guidance and answers to common questions.
§ 3-501.
(a) In this subtitle the following words have the meanings indicated.
(b) “Common trust fund” means a fund that a trust company maintains under this subtitle solely for the collective investment of money held by the trust company as fiduciary.
(c) “Fund plan” means a written plan for the establishment and administration of a common trust fund.
(d) “Trust company” includes a national banking association that has powers similar to those given to a trust company under the laws of this State.
(e) “Valuation date” means a date as of which a trust company determines the value of the assets in a common trust fund that it administers.
Frequently Asked Questions About Maryland § 3-501
What does Maryland Code § 3-501 cover?
Section 3-501 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 § 3-501?
A common citation format is "Maryland Code § 3-501" (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 § 3-501 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.