Md. Code, Fin. Inst. § 9-1101

Current with changes from the 2024 Legislative Session

Section 9-1101 - "Mutual association" defined

In this subtitle, "mutual association" means an association that:

(1) Is a corporation chartered under the laws of the State as a savings and loan association that does not have the authority to issue capital stock;

(2) Is insured by the State of Maryland Deposit Insurance Corporation; and

(3) Has assets of $15,000,000 or less or had total assets of less than $15,000,000 as of May 18, 1985.

Md. Code, FI § 9-1101