Title 3. Banking Institutions -- Commercial Banks — Subtitle 1. Definitions; General Provisions
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 3-101 (2026)
Title 3. Banking Institutions -- Commercial Banks
Subtitle 1. Definitions; General Provisions
§ 3–101LinkCopy Citation
(a)
In this title the following words have the meanings indicated.
(b)
“Capital stock” includes both common and preferred stock of a commercial bank.
(c)
“Debt instrument” means any capital note, debenture, bond, or certificate of beneficial interest issued by a commercial bank.
(d)
“Inhabitants” means the population of a municipal area, as determined by the latest federal or State census.
(e)
“Nondepository trust company” means a trust company that is not insured by the Federal Deposit Insurance Corporation.
(f)
“State bank” means an institution that is incorporated under the laws of this State as a bank.
(g)
“Trust company” means an institution that is incorporated under the laws of this State as a trust company.
Md. Code Ann., Fin. Inst. § 3-102 (2026)
Title 3. Banking Institutions -- Commercial Banks
Subtitle 1. Definitions; General Provisions
§ 3–102LinkCopy Citation
Every trust company has the powers granted by, and is subject to, the provisions of this article that relate to trust companies. However, except as provided in § 3–209(b) of this title as to the establishment of branches, the provisions of this article do not repeal, modify, or affect any special right, privilege, or power given by charter to a trust company that was organized and doing business before April 8, 1910.
Md. Code Ann., Fin. Inst. § 3-103 (2026)
Title 3. Banking Institutions -- Commercial Banks
Subtitle 1. Definitions; General Provisions
§ 3–103LinkCopy Citation
(a)
This section applies to a commercial bank that:
(1)
Is not in the business of accepting deposits or retaining funds in a deposit account as defined in § 5-509 of this article; and
(2)
Is not controlled by or under common control with a banking institution or a national banking association with its principal office located in this State.
(b)
A commercial bank subject to this section shall operate in compliance with all requirements and standards for the exercise of fiduciary powers that are applicable under 12 C.F.R. Part 9 to a trust department of a State-chartered trust company that is in the business of accepting deposits or retaining funds in a deposit account as defined in § 5-509 of this article.