Md. Code, Fin. Inst. § 9-407

Current with changes from the 2024 Legislative Session
Section 9-407 - Small accounts
(a) As to any savings account that has a withdrawal value of less than $25, a savings and loan association:
(1) Need not pay a dividend or interest on the account; and
(2) May not charge a penalty or service charge.
(b) This section does not apply to a negotiable or transferable order of withdrawal account.

Md. Code, FI § 9-407