# Financial Institutions (GFI)

## Title 3. Banking Institutions -- Commercial Banks

### Subtitle 3. Capital Stock; Surplus Requirements; Stockholders

#### Section 3-305

(a) A reduction of the outstanding capital stock of a commercial bank:

  (1) Is not valid unless approved by the Commissioner; and

  (2) May not be made to an amount that is less than that required in Sec. 3-209(b) of this title.

(b) The Commissioner shall base approval on a finding that the assets of the commercial bank remaining after the proposed reduction of its capital stock will be sufficient to pay all of the claims of existing creditors.

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Md. Code Ann., Fin. Inst. (as displayed at mgaleg.maryland.gov, October 16, 2026)