(a) In this subtitle the following words have the meanings indicated. (b) 'Banking institution' means an institution that is incorporated under the laws of the State as a State bank, trust company, or savings bank. (c) 'Collateral' means collateral that is listed under § 6–202 of this subtitle. (d) 'Deposit insurance' means insurance by: (1) the Federal Deposit Insurance Corporation; or (2) the Resolution Trust Corporation created under § 21A of the Federal Home Loan Bank Act (12 U.S.C. § 1441a.). (e) 'Financial institution' means: (1) any banking institution; (2) any national banking association; (3) an institution that is incorporated under the laws of any other state as a bank; or (4) an institution that is incorporated under the laws of this State or of the United States as a savings and loan association. (f) 'National banking association' means an institution that is incorporated under federal law as a bank. (g) 'State money' for purposes of §§ 6–209 and 6–210 of this subtitle includes money in a bank account maintained under the control of an employee or official of the clerk of the court or register of wills.
Maryland Legal Code