The sale of savings accounts of any savings and loan association in this State is exempt from all provisions of law of this State that provide for the supervision and regulation of the sale of securities. The sale of any accounts does not require any action by any official who supervises the sale of securities.
Structure Maryland Statutes
Title 9 - Savings and Loan Associations
Section 9-902 - Notice of Rejection of Application for Residential Mortgage
Section 9-903 - Mortgage Insurance Premiums
Section 9-904 - Exemption From Blue Sky Law
Section 9-905 - Promotional Activities; Advertising
Section 9-906 - Loans Conditioned on Certain Transactions Prohibited
Section 9-908 - Termination of Certain Provisions of This Title
Section 9-911 - Persons Convicted of Crime
Section 9-912 - Civil Penalties; Directors, Officers, Employees, and Controlling Persons
Section 9-913 - Criminal Penalties
Section 9-914 - Withdrawing Funds From Failing Institution
Section 9-915 - Scope of Judicial Review
Section 9-916 - Indemnification Prohibition