(a) A member of a savings and loan association means a holder, as shown on the association’s records, of:
(1) One or more savings accounts, as to a mutual association; and
(2) One or more shares of capital stock, as to a capital stock association.
(b) (1) Multiple holders of a single account or share of capital stock shall be considered a single member.
(2) Notice to one holder of a multiple name account or share of capital stock is sufficient notice to all holders.
Structure Maryland Statutes
Title 9 - Savings and Loan Associations
Subtitle 3 - Organization and Capitalization
Section 9-304 - Notice of Meeting
Section 9-305 - Quorum; Majority Rule
Section 9-306 - Statement of Financial Condition
Section 9-307 - Conflicts of Interest
Section 9-308 - Fidelity Bonds