Maryland Financial Institutions Section 9-313

      (a)      If its charter or bylaws provide, a savings and loan association that is not a deposit association may issue savings share accounts.

      (b)      Notwithstanding any provision in its charter or bylaws before July 1, 1980 on the number of savings share accounts, a savings and loan association that is not a deposit association may accept subscriptions and payment for an unlimited number of savings share accounts without other corporate action.