§ 9-314

Md. Code Ann., Fin. Inst. § 9-314

Deposit associations

Effective Jun 1, 1986Added by Acts 1980, c. 856, § 2, eff. July 1, 1980. Amended by Acts 1986, c. 282, § 1, eff. June 1, 1986.State of Maryland

(a) Only a deposit association may issue savings deposit accounts.
(b) A savings and loan association may become a deposit association if:
1. (1) Its charter or bylaws provide; and
2. (2) The Division Director approves.

Added by Acts 1980, c. 856, § 2, eff. July 1, 1980. Amended by Acts 1986, c. 282, § 1, eff. June 1, 1986.