State Codes and Statutes

Statutes > Maryland > Financial-institutions > Title-4 > Subtitle-4 > 4-401

§ 4-401. Capital stock prohibited.
 

Unless organized as a subsidiary savings bank, as defined in this title, a savings bank is a mutual association and may not have any capital stock. 
 

[CA § 6-106; 1980, ch. 33, § 2; 1986, ch. 355.] 
 

State Codes and Statutes

Statutes > Maryland > Financial-institutions > Title-4 > Subtitle-4 > 4-401

§ 4-401. Capital stock prohibited.
 

Unless organized as a subsidiary savings bank, as defined in this title, a savings bank is a mutual association and may not have any capital stock. 
 

[CA § 6-106; 1980, ch. 33, § 2; 1986, ch. 355.] 
 


State Codes and Statutes

State Codes and Statutes

Statutes > Maryland > Financial-institutions > Title-4 > Subtitle-4 > 4-401

§ 4-401. Capital stock prohibited.
 

Unless organized as a subsidiary savings bank, as defined in this title, a savings bank is a mutual association and may not have any capital stock. 
 

[CA § 6-106; 1980, ch. 33, § 2; 1986, ch. 355.]