Maryland Financial Institutions Section 4-402

      (a)      The bylaws of a savings bank shall provide for annual meetings of the members to:

            (1)      Elect directors;

            (2)      Elect members, unless the charter of the savings bank provides for a different method of electing members; and

            (3)      Transact other business.

      (b)      The bylaws of a subsidiary savings bank shall provide for annual meetings of the stockholders to:

            (1)      Elect directors; and

            (2)      Transact other business.