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2019 Maryland Code
Financial Institutions
Title 5 - Banking Institutions -- General Provisions
Subtitle 4 - Affiliates and Bank Service Corporations
§ 5-402. Scope of subtitle
Universal Citation:
MD Fin Inst Code § 5-402 (2019)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
This subtitle does not:
(1) Affect any affiliate, if the affiliation existed on June 1, 1935; or
(2) Apply to a purchase by a banking institution of the stock of a small business investment company under the federal Small Business Investment Act of 1958, except that the value at which the purchased shares are carried on the books of the banking institution may not exceed 2 percent of its unimpaired capital and surplus.
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