(a) As to any savings account that has a withdrawal value of less than $25, a savings and loan association:
(1) Need not pay a dividend or interest on the account; and
(2) May not charge a penalty or service charge.
(b) This section does not apply to a negotiable or transferable order of withdrawal account.
Structure Maryland Statutes
Title 9 - Savings and Loan Associations
Subtitle 4 - General Powers and Provisions
Part I - General Provisions -- Dividends or Interest; Withdrawals
Section 9-401 - Classification of Accounts
Section 9-402 - Savings Certificate Accounts or Other Fixed Term Savings Accounts
Section 9-403 - Interest Bearing Accounts
Section 9-404 - Dividends or Interest -- Savings Accounts
Section 9-405 - Dividends or Interest -- Fixed Term Accounts
Section 9-406 - Dividends or Interest -- Special Purpose Accounts
Section 9-407 - Small Accounts
Section 9-412.1 - Month and Year Account Opened to Appear on Checks or Drafts; Exceptions