A savings and loan association shall take title to all its investments in its own name, except as may be permitted by regulation or order of the Division Director to assign or grant a security interest in collateral given by a savings and loan association to any State or federal government agency or instrumentality, including the State of Maryland Deposit Insurance Fund Corporation, a federal reserve bank, or a federal home loan bank, to secure loans to the savings and loan association.

Added by Acts 1980, c. 856, § 2, eff. July 1, 1980. Amended by Acts 1985, 1st Sp. Sess., c. 3, § 1, eff. May 18, 1985; Acts 1986, c. 282, § 1, eff. June 1, 1986; Acts 1990, c. 384.

Formerly Art. 23, § 161Z.