State Codes and Statutes

Statutes > Maryland > Financial-institutions > Title-4 > Subtitle-9 > 4-906

§ 4-906. Requirements for doing business.
 

A subsidiary savings bank may not do business until: 

(1) The subsidiary savings bank receives from the Commissioner a certificate of authority to do business; and 

(2) The required capital stock and the required surplus is paid in full. 
 

[1986, ch. 355; 1996, ch. 326, § 2.] 
 

State Codes and Statutes

Statutes > Maryland > Financial-institutions > Title-4 > Subtitle-9 > 4-906

§ 4-906. Requirements for doing business.
 

A subsidiary savings bank may not do business until: 

(1) The subsidiary savings bank receives from the Commissioner a certificate of authority to do business; and 

(2) The required capital stock and the required surplus is paid in full. 
 

[1986, ch. 355; 1996, ch. 326, § 2.] 
 


State Codes and Statutes

State Codes and Statutes

Statutes > Maryland > Financial-institutions > Title-4 > Subtitle-9 > 4-906

§ 4-906. Requirements for doing business.
 

A subsidiary savings bank may not do business until: 

(1) The subsidiary savings bank receives from the Commissioner a certificate of authority to do business; and 

(2) The required capital stock and the required surplus is paid in full. 
 

[1986, ch. 355; 1996, ch. 326, § 2.]