Ask a question on the site
Questions
Lawyers
Blogs
Legislation
Contacts
Become a lawyer
Login Registration
Subtitle 1 - Definitions
Section 4-101 - Definitions - (a) In this title the following words have the meanings...
Subtitle 2 - Formation and Powers
Section 4-201 - Formation in General - Three or more adult individuals, each of whom is a...
Section 4-202 - Articles of Incorporation -- Execution and Contents - (a) The incorporators shall sign and acknowledge two copies of...
Section 4-203 - Articles of Incorporation -- Filing for Examination and Approval - (a) The incorporators shall: (1) File with the Commissioner for...
Section 4-204 - Articles of Incorporation -- Filing for Record - (a) If the Commissioner approves the articles of incorporation, the...
Section 4-205 - Corporate Status; Perpetual Existence - (a) When articles of incorporation are filed for record in...
Section 4-206 - General Powers of Savings Bank - (a) Except as otherwise provided in this article, a savings...
Section 4-207 - Certification Before Beginning Business - A savings bank may not do business until it receives...
Section 4-208 - Initial Guaranty Fund Requirements - (a) Before the Commissioner issues a certificate to do business,...
Section 4-209 - Fund Payments Before Beginning Business - (a) Payment to the initial guaranty fund shall be: (1)...
Section 4-210 - Charter Amendments - (a) Any savings bank may amend its charter in any...
Subtitle 3 - Guaranty Fund; Deposits
Section 4-301 - Guaranty Fund - (a) If a savings bank has a guaranty fund that...
Section 4-302 - Maintenance of Fund - (a) Except as provided in this section, a savings bank...
Section 4-303 - Interest on Deposits - (a) A savings bank may pay interest on its deposits...
Subtitle 4 - Members
Section 4-401 - Capital Stock Prohibited - Unless organized as a subsidiary savings bank, as defined in...
Section 4-402 - Annual Meeting of Members and Stockholders - (a) The bylaws of a savings bank shall provide for...
Subtitle 5 - Directors
Section 4-501 - Management of Savings Bank - The business and affairs of a savings bank shall be...
Section 4-502 - Number of Directors - Each savings bank shall have at least 5 and not...
Section 4-503 - Qualifications of Directors - Each director of a savings bank shall be a member...
Section 4-504 - Oath of Directors - Each director of a savings bank shall take an oath:...
Section 4-505 - Election of Directors - (a) Until successors are elected and qualify, the board of...
Section 4-507 - Attendance at Board Meetings - (a) Each director of a savings bank shall attend at...
Section 4-508 - Vacancies - The board of directors of a savings bank may fill...
Section 4-509 - Quorum of Directors - Unless the charter or bylaws of a savings bank provide...
Subtitle 6 - Miscellaneous Regulations
Section 4-601 - Withdrawal of Deposits - (a) A depositor of a savings bank may withdraw the...
Section 4-603 - Limitations on Borrowing - (a) (1) Unless a savings bank has the prior approval...
Section 4-604 - Trustee Under Federal Retirement Acts - (a) In this section, “federal act” means: (1) The federal...
Subtitle 7 - Extraordinary Actions
Section 4-701 - Consolidations, Mergers, and Transfers of Assets - (a) In this section, “transfer assets”, “transfer its assets”, or...
Section 4-701.1 - Converting Institution - (a) (1) In this section the following words have the...
Section 4-702 - Voluntary Dissolution - (a) A savings bank may dissolve voluntarily as provided in...
Section 4-703 - Conversion of Savings Bank to Capital Stock Commercial Bank - (a) A savings bank may convert to a capital stock...
Subtitle 8 - Mutual Holding Companies
Section 4-801 - "Savings and Loan Association" Defined - In this subtitle, “savings and loan association” means a savings...
Section 4-802 - Reorganization of Savings Bank to Become Mutual Holding Company - (a) (1) Notwithstanding any other provision of law, any savings...
Section 4-803 - Filing of Application; Investigation of Proposed Articles; Approval or Rejection of Application - (a) The savings bank shall: (1) File with the Commissioner...
Section 4-804 - Retention of Assets; Powers of Mutual Holding Company After Reorganization; Disposition of Stock of Subsidiary Savings Bank or Savings and Loan Association; Acquisition of Assets or Stock; Deposits - (a) In connection with the reorganization of a savings bank...
Section 4-805 - Applicability of Federal Bank Holding Company Act of 1956 - A mutual holding company shall be subject to the provisions...
Section 4-805.1 - Capital Stock - A mutual holding company is a mutual association and may...
Section 4-806 - Regulations - The Commissioner may adopt regulations to carry out the provisions...
Section 4-807 - Holding Company Subject to Provisions of Subtitles 4, 5, and 7 of This Title - A mutual holding company shall be subject to the provisions...
Subtitle 9 - Subsidiary Savings Banks
Section 4-901 - Incorporators - Five or more adult individuals, each of whom is a...
Section 4-902 - Articles of Incorporation - (a) The incorporators of a subsidiary savings bank shall sign...
Section 4-903 - Copies of Articles of Incorporation - (a) If the Commissioner approves the articles of incorporation of...
Section 4-904 - When Subsidiary Savings Bank Becomes Corporation - (a) When the articles of incorporation are filed for recording...
Section 4-905 - Powers and Duties - (a) Except as otherwise provided in this article, a subsidiary...
Section 4-906 - Requirements for Doing Business - A subsidiary savings bank may not do business until: (1)...
Section 4-907 - Notice of Compliance; Examination of Condition; Issuance or Denial of Certificate of Authority - (a) After its articles of incorporation are filed for record...
Section 4-908 - Declaration of Cash Dividend - After providing for due or accrued expenses, losses, interest, and...
Section 4-909 - Method of Evaluation of Assets - The Commissioner may evaluate the assets of a subsidiary savings...
Section 4-910 - Dissolution - A subsidiary savings bank may dissolve in accordance with §...