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§ 4-905. General powers and duties

West's Annotated Code of MarylandFinancial Institutions

West's Annotated Code of Maryland
Financial Institutions
Title 4. Banking Institutions--Savings Banks
Subtitle 9. Subsidiary Savings Banks (Refs & Annos)
MD Code, Financial Institutions, § 4-905
§ 4-905. General powers and duties
Currentness
In general
(a) Except as otherwise provided in this article, a subsidiary savings bank has all of the general powers granted to Maryland corporations under the Maryland General Corporation Law.1
Subsidiary savings bank subject to duties and obligations of savings bank
(b) Except as otherwise provided in this article, a subsidiary savings bank may exercise all rights, powers, and privileges and shall be subject to all duties and obligations of a savings bank under the laws of this State.
References applicable to subsidiary savings bank
(c) Any reference to savings bank in any other law of this State shall be applicable to a subsidiary savings bank.
Subsidiary savings bank subject to Title 3, Subtitle 3
(d) A subsidiary savings bank shall be subject to all the provisions of Title 3, Subtitle 3 of this article regarding its stock.

Credits

Added by Acts 1986, c. 355, § 1, eff. July 1, 1986.

Footnotes

1
Corporations and Associations, § 1-101 et seq.
MD Code, Financial Institutions, § 4-905, MD FIN INST § 4-905
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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