Maryland Code, FINANCIAL INSTITUTIONS 9-1101
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Maryland Code, FINANCIAL INSTITUTIONS 9-1101
- 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.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
In this subtitle, “mutual association” means an association that:
(1) Is a corporation chartered under the laws of the State as a savings and loan association that does not have the authority to issue capital stock;
(2) Is insured by the State of Maryland Deposit Insurance Corporation; and
(3) Has assets of $15,000,000 or less or had total assets of less than $15,000,000 as of May 18, 1985.