§ 9-216 Acquisitions of shares of stock of association; change of control
§ 9-216.1 Initial accounts and surety bond
§ 9-217 Form of surety bond
§ 9-218 Initial subscription for savings accounts
§ 9-220 Expense fund
§ 9-221 Initial subscriptions for capital stock account
§ 9-222 Paid-in surplus of capital stock association
§ 9-223 Refund on failure to incorporate
§ 9-224 Net worth certificates
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Terms Used In Maryland Code > FINANCIAL INSTITUTIONS > Title 9 > Subtitle 2 > Part II - Initial Capitalization

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Conviction: A judgement of guilt against a criminal defendant.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • County: means a county of the State or Baltimore City. See
  • Fiduciary: A trustee, executor, or administrator.
  • Intestate: Dying without leaving a will.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Oath: A promise to tell the truth.
  • Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
  • Service of process: The service of writs or summonses to the appropriate party.
  • state: means :

    (1) a state, possession, territory, or commonwealth of the United States; or

    (2) the District of Columbia. See
  • Testate: To die leaving a will.