§ 10-101. Definitions
West's Annotated Code of MarylandFinancial Institutions
MD Code, Financial Institutions, § 10-101
§ 10-101. Definitions
(b) “Association” means a corporation or mutual association that is chartered under the laws of this State as a savings and loan association.
(c) “Board” means the Board of Directors of the State of Maryland Deposit Insurance Fund Corporation.
(d) “Division Director” means the Director of the Division of Savings and Loan Associations.
(e) “Federal insurance” means insurance provided by the Federal Savings and Loan Insurance Corporation.
(g) “Fund Director” means the Director of the State of Maryland Deposit Insurance Fund Corporation.
(h) “Insured institution” means:
(1) A national banking association, a federal savings bank, or a banking institution incorporated as a State bank, trust company, savings bank, or other similar institution, whether under the laws of this or any other state, the deposits of which are insured by the Federal Deposit Insurance Corporation; or
(2) A federal savings and loan association, a federal savings bank, a savings and loan association, a building and loan association, or a similar institution incorporated under the laws of this or any other state, the deposits of which are insured by the Federal Savings and Loan Insurance Corporation.
(i) “Major association” means an association with total assets of $40,000,000 or more.
(j) “Member association” means an association that is a member of the State of Maryland Deposit Insurance Fund Corporation.
Credits
Added by Acts 1985, 1st Sp. Sess., c. 6, § 3, eff. May 18, 1985. Amended by Acts 1986, c. 5, § 1; Acts 1986, c. 11, § 2; Acts 1986, c. 12, § 2.
MD Code, Financial Institutions, § 10-101, MD FIN INST § 10-101
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
| End of Document |