There is a newer version of the Maryland Code
2013 Maryland Code
FINANCIAL INSTITUTIONS
§ 3-303 - Loans for stock subscription
MD Fin Inst Code § 3-303 (2013) What's This?
§3-303.
A commercial bank may not make any loan the proceeds of which are to be used to pay for any part of a subscription to its capital stock unless the loan is secured adequately by other collateral.
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