Maryland Code, FINANCIAL INSTITUTIONS 5-101
Terms Used In Maryland Code, FINANCIAL INSTITUTIONS 5-101
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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.
- Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. Source: OCC
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(b) “CAMELS” means the composite rating adopted by the federal Financial Institutions Examination Council to evaluate the adequacy of capital, quality of assets, capability of management, quality and level of earnings, adequacy of liquidity, and sensitivity to market risk.
(c) “Capital stock” includes both common and preferred stock of a commercial bank.
(d) “Examiner” means:
(1) The Commissioner; and
(2) An individual whom the Commissioner designates as examiner.
(e) “Federal banking authority” means, as the context requires:
(1) The Federal Deposit Insurance Corporation;
(2) The Federal Reserve Bank of Richmond; or
(3) Any other appropriate federal banking authority.
(f) “Nondepository trust company” means a trust company that is not insured by the Federal Deposit Insurance Corporation.
(g) “Savings bank” means an institution that:
(1) Is incorporated under the laws of this State as a savings bank; and
(2) Engages only in the business of savings banking.
(h) “Trust company” means an institution that is incorporated under the laws of this State as a trust company.