# Financial Institutions (GFI)

## Title 4. Banking Institutions -- Savings Banks

### Subtitle 4. Members

#### Section 4-401

Unless organized as a subsidiary savings bank, as defined in this title, a savings bank is a mutual association and may not have any capital stock.

---

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