TITLE 9 - SAVINGS AND LOAN ASSOCIATIONS
- Subtitle 1 - Definitions; General Prohibition
- Subtitle 2 - Incorporation
- Section 9-201 - Purpose.
- Section 9-202 - Formation in general.
- Section 9-203 - Name of savings and loan association.
- Section 9-204 - Articles of incorporation; proposed bylaws.
- Section 9-205 - Application to organize.
- Section 9-206 - Publication of filing; hearing set.
- Section 9-207 - Division Director's review.
- Section 9-208 - Approval or refusal; appeal.
- Section 9-208.1 - Approvals on or after July 1, 1990.
- Section 9-209 - Filing for record; status.
- Section 9-210 - Forfeiture of charter for failure to begin business or for nonuse.
- Section 9-211 - Charter amendment.
- Section 9-212 - Revival of charter.
- Section 9-213 - Division Director may require filing of bylaws.
- Section 9-214 - , 9-215. [Reserved].
- Section 9-216 - Acquisitions of shares of stock of association; change of control.
- Section 9-216.1 - Initial accounts and surety bond.
- Section 9-217 - Form of surety bond.
- Section 9-218 - Initial subscription for savings accounts.
- Section 9-219 - [Repealed].
- Section 9-220 - Expense fund.
- Section 9-221 - Initial subscriptions for capital stock account.
- Section 9-222 - Paid-in surplus of capital stock association.
- Section 9-223 - Refund on failure to incorporate.
- Section 9-224 - Net worth certificates.
- Subtitle 3 - Organization and Capitalization
- Section 9-301 - Member.
- Section 9-302 - Directors.
- Section 9-303 - Voting rights.
- Section 9-304 - Notice of meeting.
- Section 9-305 - Quorum; majority rule.
- Section 9-306 - Statement of financial condition.
- Section 9-307 - Conflicts of interest.
- Section 9-308 - Fidelity bonds.
- Section 9-309 - Offices.
- Section 9-310 - Electronic terminals.
- Section 9-311 - Officers.
- Section 9-312 - Reasonableness of compensation and fees.
- Section 9-313 - Savings share accounts.
- Section 9-314 - Deposit association.
- Section 9-315 - Rights of owner of deposit account.
- Section 9-316 - Nature of deposit associations.
- Section 9-317 - , 9-318. [Reserved].
- Section 9-319 - Power to issue capital stock.
- Section 9-320 - General provisions.
- Section 9-321 - Future issuance of capital stock.
- Section 9-322 - Nature of capital stock.
- Section 9-323 - List of stockholders.
- Section 9-324 - Net worth requirement.
- Section 9-325 - , 9-326. [Reserved].
- Section 9-327 - [Repealed].
- Section 9-328 - Allocation of profits.
- Section 9-329 - Priority of claims.
- Subtitle 4 - General Powers and Provisions
- Section 9-401 - Classification of accounts.
- Section 9-402 - Savings certificate accounts or other fixed term savings accounts.
- Section 9-403 - Interest bearing accounts.
- Section 9-404 - Dividends or interest - Savings accounts.
- Section 9-405 - Same - Fixed term accounts.
- Section 9-406 - Same - Special purpose accounts.
- Section 9-407 - Small accounts.
- Section 9-408 - Withdrawals.
- Section 9-409 - , 9-410. [Repealed].
- Section 9-411 - , 9-412. [Nullified].
- Section 9-412.1 - Month and year account opened to appear on checks or drafts; exceptions.
- Section 9-413 - to 9-415. [Repealed].
- Section 9-416 - Adverse claim to money.
- Section 9-417 - , 9-418. [Reserved].
- Section 9-419 - Investments authorized.
- Section 9-419.1 - [Repealed].
- Section 9-420 - Specific limitations on authorized investments.
- Section 9-421 - Alternative mortgage instruments.
- Section 9-422 - Title to investments; exception.
- Section 9-423 - Right to hold investments.
- Section 9-424 - Expenses charged borrowers.
- Section 9-425 - Depository.
- Section 9-426 - Trustee or custodian under federal retirement acts.
- Section 9-427 - [Transferred].
- Section 9-428 - Right to act to avoid loss.
- Subtitle 5 - Supervision of Records of Associations
- Subtitle 6 - Conversions; Extraordinary Actions
- Section 9-601 - Authority to convert.
- Section 9-602 - Application to convert.
- Section 9-603 - Proposed plan of conversion.
- Section 9-604 - Review by Division Director.
- Section 9-605 - Preliminary approval.
- Section 9-606 - Meeting of members.
- Section 9-607 - Member approval.
- Section 9-608 - Approval by Division Director.
- Section 9-609 - Appeal.
- Section 9-610 - Effective date of conversion.
- Section 9-611 - Modified conversions of savings and loan associations to capital stock associations.
- Section 9-612 - Voluntary conversions of savings and loan associations to capital stock associations.
- Section 9-613 - Authority to convert.
- Section 9-614 - Meeting of members.
- Section 9-615 - Member approval.
- Section 9-616 - , 9-617. [Reserved].
- Section 9-618 - Authority to convert.
- Section 9-619 - Member approval.
- Section 9-620 - Application to convert.
- Section 9-621 - Notice of filing and hearing.
- Section 9-622 - Findings required for approval.
- Section 9-623 - Approval or refusal; appeal.
- Section 9-624 - Filing for record; status.
- Section 9-625 - , 9-626. [Reserved].
- Section 9-627 - Authority to merge, consolidate, or transfer assets.
- Section 9-628 - Statutory merger.
- Section 9-629 - Partial liquidation, dissolution, or reorganization.
- Section 9-630 - Approval or disapproval of plan; appeal.
- Section 9-631 - When conversion permitted.
- Section 9-632 - Procedure for conversion.
- Section 9-633 - Duty of Commissioner.
- Section 9-634 - Issuance of letter of preliminary approval.
- Section 9-635 - Meeting for consideration of plan of conversion.
- Section 9-636 - Stockholder approval.
- Section 9-637 - Delivery of minutes and charter amendments; action by Commissioner.
- Section 9-638 - Appeals.
- Section 9-639 - Filing endorsed charter amendments; acceptance of charter amendments.
- Section 9-640 - Powers of converted capital stock savings and loan association; assets; conducting insurance activity.
- Subtitle 7 - Involuntary Actions - Conservator; Receivership
- Section 9-701 - Appointment of conservator.
- Section 9-702 - Function of conservator.
- Section 9-703 - Operation of savings and loan association by conservator.
- Section 9-704 - Expenses of conservatorship.
- Section 9-705 - [Repealed].
- Section 9-706 - , 9-707. [Reserved].
- Section 9-708 - Receiver.
- Section 9-709 - Insuring agency as receiver or conservator.
- Section 9-710 - Jurisdiction of circuit court.
- Section 9-711 - Powers of circuit court in administering conservatorship or receivership.
- Section 9-712 - Approval of sale, transfer, or pledge of assets.
- Subtitle 8 - Foreign Associations
- Subtitle 9 - Miscellaneous
- Section 9-901 - Membership in Maryland Deposit Insurance Fund or Federal Savings and Loan Insurance Corporation.
- Section 9-902 - Notice of rejection of application for residential mortgage.
- Section 9-903 - Mortgage insurance premiums.
- Section 9-904 - Exemption from Blue Sky Law.
- Section 9-905 - Promotional activities; advertising.
- Section 9-906 - Loans conditioned on certain transactions prohibited.
- Section 9-907 - [Repealed].
- Section 9-908 - Termination of certain provisions of this title.
- Section 9-909 - Notice.
- Section 9-910 - [Abrogated].
- Section 9-911 - Persons convicted of crime.
- Section 9-912 - Civil penalties; directors, officers, employees, and controlling persons.
- Section 9-913 - Criminal penalties.
- Section 9-914 - Withdrawing funds from failing institution.
- Section 9-915 - Scope of judicial review.
- Section 9-916 - Indemnification prohibition.
- Section 9-917 - Rules of construction.
- Section 9-918 - Receiverships effective June 1, 1992.
- Subtitle 10 - Regional Reciprocal Interstate Savings and Loan Acquisitions
- Section 9-1001 - Definitions.
- Section 9-1002 - Scope of subtitle.
- Section 9-1003 - Acquisition by out-of-state savings and loan holding company.
- Section 9-1004 - Acquisition by out-of-state association.
- Section 9-1005 - Prohibited acquisitions.
- Section 9-1006 - Duties of interstate association or out-of-state savings and loan holding company.
- Section 9-1007 - Powers of Division Director.
- Section 9-1008 - Purpose; nonseverability; monitoring and reporting.
- Section 9-1009 - Conversion to or from federal or regional charter; divestment by associations not federally chartered.
- Subtitle 11 - Mutual Association Conversion to a Credit Union
- Section 9-1101 - "Mutual association" defined.
- Section 9-1102 - Authority to convert.
- Section 9-1103 - Meeting of members.
- Section 9-1104 - Member approval.
- Section 9-1105 - Application to convert; examination; audit.
- Section 9-1106 - Review and approval of application by Commissioner.
- Section 9-1107 - Effective date of conversion.
- Section 9-1108 - Changes in application or exhibits; actions of Commissioner upon approval or denial of application.
- Section 9-1109 - Membership.