(a) In this subtitle the following words have the meanings indicated. (b) 'Common trust fund' means a fund that a trust company maintains under this subtitle solely for the collective investment of money held by the trust company as fiduciary. (c) 'Fund plan' means a written plan for the establishment and administration of a common trust fund. (d) 'Trust company' includes a national banking association that has powers similar to those given to a trust company under the laws of this State. (e) 'Valuation date' means a date as of which a trust company determines the value of the assets in a common trust fund that it administers.
Maryland Legal Code