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Section 22-109 - Performance of Acts Required — Maryland Law | CourtGPT
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  8. Section 22-109 - Performance of Acts Required
Maryland Legal Code

Section 22-109 - Performance of Acts Required

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To ensure the prompt payment of interest and provision for the payment of the principal on bonds issued under this subtitle: (1) the prompt and proper performance of the acts required under §§ 22–106 and 22–108 of this subtitle is specially enjoined; and (2) a person who is required to act under §§ 22–106 and 22–108 of this subtitle: (i) shall perform the acts required under those sections; (ii) shall pay over any funds as required under those sections; and (iii) may not use any part of the funds for any other purpose than for the payment of principal and interest on the bonds.