Md. Code Ann., Fin. Inst. § 4-906
Certificate of authority required for subsidiary savings bank to do business
Effective Apr 10, 2012Added by Acts 1986, c. 355, § 1, eff. July 1, 1986. Amended by Acts 1996, c. 326, § 2, eff. July 1, 1996; Acts 2012, c. 66, § 1, eff. April 10, 2012.State of Maryland
- (1) The subsidiary savings bank receives from the Commissioner a certificate of authority to do business; and
- (2) The required capital stock and the required surplus are paid in full.
A subsidiary savings bank may not do business until:
Added by Acts 1986, c. 355, § 1, eff. July 1, 1986. Amended by Acts 1996, c. 326, § 2, eff. July 1, 1996; Acts 2012, c. 66, § 1, eff. April 10, 2012.