Maryland Financial Institutions Section 5-101

Article - Financial Institutions

§ 5-101.

      (a)      In this title the following words have the meanings indicated.

      (b)      "Capital stock" includes both common and preferred stock of a commercial bank.

      (c)      "Examiner" means:

            (1)      The Commissioner; and

            (2)      An individual whom the Commissioner designates as examiner.

      (d)      "Federal banking authority" means, as the context requires:

            (1)      The Federal Deposit Insurance Corporation;

            (2)      The Federal Reserve Bank of Richmond; or

            (3)      Any other appropriate federal banking authority.

      (e)      "Savings bank" means an institution that:

            (1)      Is incorporated under the laws of this State as a savings bank; and

            (2)      Engages only in the business of savings banking.

      (f)      "Trust company" means an institution that is incorporated under the laws of this State as a trust company.



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