HARRY HUGHES, Governor

903

REVISOR'S NOTE: This subsection is new language patterned
after present FI § l-101(m).

This new defined term is substituted for the former
references such as "bank", as those former references
related to institutions incorporated under federal
law, and "national bank", to conform terminology.

6-202. COLLATERAL.

COLLATERAL THAT MAY BE USED UNDER THIS SUBTITLE SHALL BE:

(1)  AN OBLIGATION OF THE UNITED STATES OR ANY OF ITS
AGENCIES;

(2)  AN OBLIGATION GUARANTEED BY THE UNITED STATES OR
BY ANY OF ITS AGENCIES;

(3)  AN OBLIGATION INSURED BY THE UNITED STATES;

(4)  AN OBLIGATION OF THE STATE OR ANY OF ITS UNITS OR
INSTRUMENTALITIES;

(5)  AN OBLIGATION OF A COUNTY OF THE STATE OR ANY OF
ITS AGENCIES;

(6)  AN OBLIGATION OF A MUNICIPAL CORPORATION IN THE
STATE OR ANY OF ITS AGENCIES;

(7)  AN OBLIGATION OF ANY OTHER GOVERNMENTAL AUTHORITY
IN THE STATE;

(8)  AN OBLIGATION OF THE INTER-AMERICA DEVELOPMENT
BANK;

(9)  AN OBLIGATION OF THE WORLD BANK; OR

(10)  A STUDENT LOAN GUARANTEED BY THE UNITED STATES
OR ANY OF ITS AGENCIES OR BY THE MARYLAND HIGHER EDUCATION LOAN
CORPORATION.

REVISOR'S NOTE: Items (1) through (9) of this section are
new language derived without substantive change from
former Art. 95, § 21A(a)(l) through (3) and (8).

Item (10) of this section is new language derived
without substantive change from former Art. 95, §
21A(a)(4) and, except as it related to gubernatorial
approval, § 23(b).

This section must be read with § 6-201(c) and (d) of
this subtitle, which defines "collateral" and "deposit
insurance". Former Art. 95, §§ 21, 21A, and 22F(a)(3)
treated all security for deposits identically. This