Maryland Statutes
Subtitle 2 - Formation and Powers
Section 4-206 - General Powers of Savings Bank

(a)    Except as otherwise provided in this article, a savings bank has all of the general powers granted to Maryland corporations under the Maryland General Corporation Law.
    (b)    In addition to the powers set forth elsewhere in this article, a savings bank may:
        (1)    Receive deposits of money from:
            (i)    Any person;
            (ii)    The federal government or its agencies; and
            (iii)    Any state or its political subdivisions;
        (2)    Pledge collateral to secure the deposits of:
            (i)    The federal government or its agencies; or
            (ii)    Any state or its political subdivisions;
        (3)    On good security:
            (i)    Invest deposits; and
            (ii)    Make loans from deposits;
        (4)    Subject to § 4-603 of this title:
            (i)    Borrow money; and
            (ii)    Pledge its assets to secure the debt;
        (5)    Rent its vaults or safe-deposit boxes and, in accordance with the rental agreement, permit deposits of property;
        (6)    Subject to § 5-503 of this article, buy, hold, and convey real property;
        (7)    Subject to § 4-604 of this title, act as trustee under:
            (i)    The federal Self-Employed Individuals Tax Retirement Act of 1962; or
            (ii)    The federal Employee Retirement Income Security Act of 1974;
        (8)    With the prior approval of the Commissioner, exercise the powers granted under § 3-207 of this article to a trust company; and
        (9)    Exercise all of the powers usual in carrying on a business of savings banking.