This subtitle does not:
(1) Affect any affiliate, if the affiliation existed on June 1, 1935; or
(2) Apply to a purchase by a banking institution of the stock of a small business investment company under the federal Small Business Investment Act of 1958, except that the value at which the purchased shares are carried on the books of the banking institution may not exceed 2 percent of its unimpaired capital and surplus.
Structure Maryland Statutes
Title 5 - Banking Institutions -- General Provisions
Subtitle 4 - Affiliates and Bank Service Corporations
Section 5-402 - Scope of Subtitle
Section 5-403 - Requirements for Affiliates
Section 5-404 - Examination of Affiliate
Section 5-405 - Bank Service Corporation