Maryland § 3-514
Full text of Maryland Maryland Code § 3-514, with citation guidance and answers to common questions.
§ 3-514.
(a) (1) A trust company that administers a common trust fund may issue a certificate of participation for each participating account.
(2) A certificate of participation is not assignable and may not be issued in any form that purports to be negotiable or assignable.
(b) In any report or accounting required from the trust company by law, a statement that is signed and verified by one of its officers as to the existence, extent, and value of a participation in a common trust fund that it administers may be accepted as evidence of those facts by any court, trust clerk, or supervisory authority.
Frequently Asked Questions About Maryland § 3-514
What does Maryland Code § 3-514 cover?
Section 3-514 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 § 3-514?
A common citation format is "Maryland Code § 3-514" (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 § 3-514 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.