§ 4-401. Capital stock prohibited
West's Annotated Code of MarylandFinancial Institutions
MD Code, Financial Institutions, § 4-401
§ 4-401. Capital stock prohibited
Unless organized as a subsidiary savings bank, as defined in this title, a savings bank is a mutual association and may not have any capital stock.
Credits
Added by Acts 1980, c. 33, § 2, eff. July 1, 1980. Amended by Acts 1986, c. 355, § 1, eff. July 1, 1986.
MD Code, Financial Institutions, § 4-401, MD FIN INST § 4-401
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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