If a savings and loan association holds an investment that was permitted under this subtitle at the time the investment was made, and the Division Director later withdraws the authorization, the association may continue to hold the investment.
Structure Maryland Statutes
Title 9 - Savings and Loan Associations
Subtitle 4 - General Powers and Provisions
Part II - General Provisions -- Operations
Section 9-416 - Adverse Claim to Money
Section 9-419 - Investments Authorized
Section 9-420 - Specific Limitations on Authorized Investments
Section 9-421 - Alternative Mortgage Instruments
Section 9-422 - Title to Investments; Exception
Section 9-423 - Right to Hold Investments
Section 9-424 - Expenses Charged Borrowers
Section 9-426 - Trustee or Custodian Under Federal Retirement Acts