The incorporators of a capital stock association shall have subscriptions for capital stock in an aggregate of not less than $1,000,000, or any greater amount that the Division Director requires in order to conduct a safe and sound operation.
Structure Maryland Statutes
Title 9 - Savings and Loan Associations
Part II - Initial Capitalization
Section 9-216 - Acquisitions of Shares of Stock of Association; Change of Control
Section 9-216.1 - Initial Accounts and Surety Bond
Section 9-217 - Form of Surety Bond
Section 9-218 - Initial Subscription for Savings Accounts
Section 9-221 - Initial Subscriptions for Capital Stock Account
Section 9-222 - Paid-in Surplus of Capital Stock Association