Maryland Statutes
Title 9 - Savings and Loan Associations
Subtitle 3 - Organization and Capitalization

Part I - Organization

Section 9-301 - Member - (a) A member of a savings and loan association means...

Section 9-302 - Directors - (a) The business and affairs of a savings and loan...

Section 9-303 - Voting Rights - Except as otherwise provided by the charter or bylaws, each...

Section 9-304 - Notice of Meeting - (a) A savings and loan association shall notify each member...

Section 9-305 - Quorum; Majority Rule - At any meeting of the members of a savings and...

Section 9-306 - Statement of Financial Condition - (a) A statement of the financial condition of a savings...

Section 9-307 - Conflicts of Interest - (a) Each director, officer, and controlling person of a savings...

Section 9-308 - Fidelity Bonds - (a) A savings and loan association shall provide a fidelity...

Section 9-309 - Offices - (a) A savings and loan association may not establish or...

Section 9-310 - Electronic Terminals - (a) (1) In this section, “electronic terminal” means an automated...

Section 9-311 - Officers - (a) (1) A savings and loan association shall have a...

Section 9-312 - Reasonableness of Compensation and Fees - (a) (1) Except as otherwise provided in the bylaws, the...

Part II - Capital Structure of Associations -- Nondeposit Association

Section 9-313 - Savings Share Accounts - (a) If its charter or bylaws provide, a savings and...

Part III - Capital Structure of Associations -- Deposit Association

Section 9-314 - Deposit Association - (a) Only a deposit association may issue savings deposit accounts....

Section 9-315 - Rights of Owner of Deposit Account - (a) The holder of a savings deposit account in a...

Section 9-316 - Nature of Deposit Associations - If a savings and loan association becomes a deposit association:...

Part IV - Capital Structure of Associations -- Capital Stock Association

Section 9-319 - Power to Issue Capital Stock - If its charter provides, a savings and loan association may...

Section 9-320 - General Provisions - A capital stock association: (1) Shall obtain the prior written...

Section 9-321 - Future Issuance of Capital Stock - (a) If the Division Director approves a plan of issuance...

Section 9-322 - Nature of Capital Stock - Capital stock shall: (1) Have a par value of $1...

Section 9-323 - List of Stockholders - (a) Every stock association shall at all times keep an...

Section 9-324 - Net Worth Requirement - (a) (1) For the purposes of this section, “net worth”...

Part V - Capital Structure of Associations -- Operations

Section 9-328 - Allocation of Profits - (a) Subject to regulation of the Division Director, the board...

Section 9-329 - Priority of Claims - (a) In any distribution of assets on liquidation of a...