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2013 Maryland Code
FINANCIAL INSTITUTIONS
§ 9-315 - Rights of owner of deposit account


MD Fin Inst Code § 9-315 (2013) What's This?

§9-315.

(a) The holder of a savings deposit account in a savings and loan association has the same claim priority in any distribution of assets on liquidation as a general creditor of the deposit association to the extent of the deposit account’s withdrawal value.

(b) In addition to subsection (a) of this section, the holder of a savings deposit account has the same rights as the owner of a savings share account, including any membership or voting rights and the right to share in any distribution of remaining assets on liquidation.

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