Maryland § 4-250
Full text of Maryland Maryland Code § 4-250, with citation guidance and answers to common questions.
§ 4-250.
(a) A bond or note issued by the Administration under this part is a legal and proper investment for:
(1) a public officer, a political subdivision, or a governmental unit;
(2) a bank, trust company, savings and loan association, investment company, or other person doing a banking business;
(3) an insurance company, insurance association, or other person doing an insurance business;
(4) a personal representative, guardian, trustee, or other fiduciary; or
(5) any other person.
(b) For any purpose for which the deposit of a bond or other obligation of the State is authorized by law, a bond issued by the Administration under this part is a security that may legally and properly be deposited with and received by a public officer, a political subdivision, or a governmental unit.
Frequently Asked Questions About Maryland § 4-250
What does Maryland Code § 4-250 cover?
Section 4-250 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 § 4-250?
A common citation format is "Maryland Code § 4-250" (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 § 4-250 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.