§ 9-222. Use of paid-in surplus
West's Annotated Code of MarylandFinancial Institutions
MD Code, Financial Institutions, § 9-222
§ 9-222. Use of paid-in surplus
A capital stock association may use paid-in surplus if the expense fund is not sufficient to pay organizational and operating expenses, and dividends or interest on savings accounts.
Credits
Added by Acts 1980, c. 856, § 2, eff. July 1, 1980. Amended by Acts 1986, c. 282, § 1, eff. June 1, 1986.
MD Code, Financial Institutions, § 9-222, MD FIN INST § 9-222
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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