Md. Code Ann., Fin. Inst. § 4-401
Unless organized as a subsidiary savings bank, as defined in this title, a savings bank is a mutual association and may not have any capital stock.
Added by Acts 1980, c. 33, § 2, eff. July 1, 1980. Amended by Acts 1986, c. 355, § 1, eff. July 1, 1986.