§ 7-114

Md. Code Ann., Fin. Inst. § 7-114

Accumulation of earnings

Effective Jul 1, 2002Added by Acts 1980, c. 33, § 2, eff. July 1, 1980. Amended by Acts 2002, c. 540, § 1, eff. July 1, 2002.State of Maryland

The net earnings of the Corporation shall be accumulated and may not be returned to its members.

Added by Acts 1980, c. 33, § 2, eff. July 1, 1980. Amended by Acts 2002, c. 540, § 1, eff. July 1, 2002.

Formerly Art. 23, § 452.