Md. Code, Financial Institutions § 3-518
Md. Code, Financial Institutions § 3-518
in effect(a) A trust company may register in the name of a nominee any assets of a common trust fund that it administers.
(b) The nominee may be either an individual or a partnership.
(c) A trust company that registers assets in the name of a nominee shall:
(1) Show the assets and the name of the nominee on its records; and
(2) If the nominee is operated or controlled by the trust company, supervise any possession or control of the assets by the nominee.
(d) A transfer agent or registrar of a corporation whose stocks, bonds, securities, or other obligations are registered in the name of a nominee under this section is not required to investigate and may not be held liable for treating the nominee as the owner of the assets.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi§ion=3-518&enactments=falseFetched: 10/17/2026