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2013 Maryland Code
FINANCIAL INSTITUTIONS
§ 9-407 - Small accounts


MD Fin Inst Code § 9-407 (2013) What's This?

§9-407.

(a) As to any savings account that has a withdrawal value of less than $25, a savings and loan association:

(1) Need not pay a dividend or interest on the account; and

(2) May not charge a penalty or service charge.

(b) This section does not apply to a negotiable or transferable order of withdrawal account.

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