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2021 Maryland Statutes
Financial Institutions
Title 9 - Savings and Loan Associations
Subtitle 2 - Incorporation
Part II - Initial Capitalization
Section 9-221 - Initial Subscriptions for Capital Stock Account
Universal Citation:
MD Financial Institutions Code Ann. § 9-221 (2021)
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The incorporators of a capital stock association shall have subscriptions for capital stock in an aggregate of not less than $1,000,000, or any greater amount that the Division Director requires in order to conduct a safe and sound operation.
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