A subsidiary savings bank may not do business until:
(1) The subsidiary savings bank receives from the Commissioner a certificate of authority to do business; and
(2) The required capital stock and the required surplus are paid in full.
Structure Maryland Statutes
Title 4 - Banking Institutions -- Savings Banks
Subtitle 9 - Subsidiary Savings Banks
Section 4-902 - Articles of Incorporation
Section 4-903 - Copies of Articles of Incorporation
Section 4-904 - When Subsidiary Savings Bank Becomes Corporation
Section 4-905 - Powers and Duties
Section 4-906 - Requirements for Doing Business
Section 4-908 - Declaration of Cash Dividend