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§ 3-211. Payment for capital stock and surplus

West's Annotated Code of MarylandFinancial Institutions

West's Annotated Code of Maryland
Financial Institutions
Title 3. Banking Institutions--Commercial Banks
Subtitle 2. Formation and Powers (Refs & Annos)
MD Code, Financial Institutions, § 3-211
§ 3-211. Payment for capital stock and surplus
Except as otherwise provided by law, payment for capital stock and surplus shall be in money and may not be in notes, securities, or property.

Credits

Added by Acts 1980, c. 33, § 2, eff. July 1, 1980.
MD Code, Financial Institutions, § 3-211, MD FIN INST § 3-211
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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