§ 3–303
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 3-303 (2026)
Title 3. Banking Institutions -- Commercial Banks
Subtitle 3. Capital Stock; Surplus Requirements; Stockholders
§ 3–303LinkCopy Citation
A commercial bank may not make any loan the proceeds of which are to be used to pay for any part of a subscription to its capital stock unless the loan is secured adequately by other collateral.