WILLIAM DONALD SCHAEFER, Governor

Annotated Code of Maryland

(1974 Volume and 1987 Supplement)

BY adding to

Article - Estates and Trusts
Section 15-106(a)(8)
Annotated Code of Maryland
(1974 Volume and 1987 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section(s) 15-106(a)(8) of Article - Estates and
Trusts of the Annotated Code of Maryland be renumbered to be
Section(s) 15-106(a)(9).

SECTION 2. AND BE IT FURTHER ENACTED, That the Laws of
Maryland read as follows:

Article - Estates and Trusts

15-106.

(a) The following investments shall be lawful investments
for any person:

(7)  Obligations issued or guaranteed by the
International Bank for Reconstruction and Development; [or]

(8)  OBLIGATIONS ISSUED OR GUARANTEED BY THE AFRICAN
DEVELOPMENT BANK; OR

SECTION 3. AND BE IT FURTHER ENACTED, That this Act is an
emergency measure, is necessary for the immediate preservation of
the public health and safety, has been passed by a yea and nay
vote supported by three-fifths of all the members elected to each
of the two Houses of the General Assembly, and shall take effect
from the date it is enacted.

May 27, 1988

The Honorable R. Clayton Mitchell, Jr.
Speaker of the House of Delegates
State House
Annapolis, Maryland 21401

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