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§ 3-101. Definitions

West's Annotated Code of MarylandFinancial InstitutionsEffective: October 1, 2010

West's Annotated Code of Maryland
Financial Institutions
Title 3. Banking Institutions--Commercial Banks
Subtitle 1. Definitions; General Provisions (Refs & Annos)
Effective: October 1, 2010
MD Code, Financial Institutions, § 3-101
§ 3-101. Definitions
Currentness
In general
(a) In this title the following words have the meanings indicated.
Capital stock
(b) “Capital stock” includes both common and preferred stock of a commercial bank.
Debt instrument
(c) “Debt instrument” means any capital note, debenture, bond, or certificate of beneficial interest issued by a commercial bank.
Inhabitants
(d) “Inhabitants” means the population of a municipal area, as determined by the latest federal or State census.
Nondepository trust company
(e) “Nondepository trust company” means a trust company that is not insured by the Federal Deposit Insurance Corporation.
State bank
(f) “State bank” means an institution that is incorporated under the laws of this State as a bank.
Trust company
(g) “Trust company” means an institution that is incorporated under the laws of this State as a trust company.

Credits

Added by Acts 1980, c. 33, § 2, eff. July 1, 1980. Amended by Acts 2010, c. 457, § 1, eff. Oct. 1, 2010.
Formerly Art. 11, § 69.
MD Code, Financial Institutions, § 3-101, MD FIN INST § 3-101
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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