§ 4-805.1

Md. Code Ann., Fin. Inst. § 4-805.1

Prohibition against holding capital stock

Effective Jul 1, 1986Added by Acts 1986, c. 355, § 1, eff. July 1, 1986.State of Maryland

A mutual holding company is a mutual association and may not have any capital stock.

Added by Acts 1986, c. 355, § 1, eff. July 1, 1986.