With the written approval of the Division Director, a savings and loan association may operate a business, manage or deal in property, or take any other action over any period of time as determined by the Division Director that may be reasonably necessary to avoid loss on a loan or investment made or obligation created in good faith.
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