Maryland Financial Institutions Section 9-1101

      In this subtitle, "mutual association" means an association that:

            (1)      Is a corporation chartered under the laws of the State as a savings and loan association that does not have the authority to issue capital stock;

            (2)      Is insured by the State of Maryland Deposit Insurance Corporation; and

            (3)      Has assets of $15,000,000 or less or had total assets of less than $15,000,000 as of May 18, 1985.