Powers and duties

Checkout our iOS App for a better way to browser and research.

    (a)    Except as otherwise provided in this article, a subsidiary savings bank has all of the general powers granted to Maryland corporations under the Maryland General Corporation Law.

    (b)    Except as otherwise provided in this article, a subsidiary savings bank may exercise all rights, powers, and privileges and shall be subject to all duties and obligations of a savings bank under the laws of this State.

    (c)    Any reference to savings bank in any other law of this State shall be applicable to a subsidiary savings bank.

    (d)    A subsidiary savings bank shall be subject to all the provisions of Title 3, Subtitle 3 of this article regarding its stock.


Download our app to see the most-to-date content.