Deposit association

  1. Law
  2. Maryland Code
  3. Financial Institutions
  4. Savings and Loan Associations
  5. Organization and Capitalization
  6. Capital Structure of Associations -- Deposit Association
  7. Deposit association

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    (a)    Only a deposit association may issue savings deposit accounts.

    (b)    A savings and loan association may become a deposit association if:

        (1)    Its charter or bylaws provide; and

        (2)    The Division Director approves.


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