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2013 Maryland Code
FINANCIAL INSTITUTIONS
§ 9-313 - Savings share accounts


MD Fin Inst Code § 9-313 (2013) What's This?

§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.

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