State Codes and Statutes
Statutes > Maryland > Financial-institutions > Title-10 > 10-109§ 10-109. Same - Other prohibited activities.
(a) In general.- Except as provided in subsection (b) of this section, the Fund Director and employees of the Fund may not:
(1) Become indebted to any member association; or
(2) Engage or be interested in the sale of securities of or in the negotiation of loans for others to or with any member association.
(b) Exception.- This section does not apply to a loan that a member association makes to a depositor if the loan is less than the amount of the deposit.
(c) Penalty for violation.- Any person who violates any provision of this section is subject to dismissal.
[1985, 1st Sp. Sess., ch. 6, § 3.]
