Maryland Tax - General Section 8-101

      (a)      In this title the following words have the meanings indicated.

      (b)      "Company" means an association, corporation, or joint-stock company.

      (c)      (1)      "Financial institution" means:

                  (i)      a credit company;

                  (ii)      except as provided in paragraph (2)(i) of this subsection, a finance company;

                  (iii)      an international banking facility;

                  (iv)      a loan company;

                  (v)      a mortgage company;

                  (vi)      a safe-deposit company; and

                  (vii)      a savings and loan association.

            (2)      "Financial institution" does not include:

                  (i)      a finance company that makes loans only to farmers for agricultural purposes;

                  (ii)      a company licensed under the federal Small Business Investment Act of 1958;

                  (iii)      a corporation that elects to be taxed as a small business corporation under Subchapter S of the Internal Revenue Code;

                  (iv)      an entity that is a real estate mortgage investment conduit as defined in the Internal Revenue Code;

                  (v)      a limited liability company; or

                  (vi)      a commercial bank, savings bank, trust company, or company that substantially competes with national banks in the State.

      (d)      "Savings and loan association" means:

            (1)      a savings and loan association that:

                  (i)      is organized under the laws of this State;

                  (ii)      is organized under the laws of another state and is admitted to do business in this State; or

                  (iii)      is organized under the laws of the United States and has an office in this State; or

            (2)      a savings bank chartered by the Federal Home Loan Bank Board.

      (e)      (1)      "Savings bank" means a company or other institution that is organized to receive deposits of money and pay interest on the deposits.

            (2)      "Savings bank" does not include a bank with capital stock.