# Financial Institutions (GFI)

## Title 4. Banking Institutions -- Savings Banks

### Subtitle 4. Members

#### Section 4-402

(a) The bylaws of a savings bank shall provide for annual meetings of the members to:

  (1) Elect directors;

  (2) Elect members, unless the charter of the savings bank provides for a different method of electing members; and

  (3) Transact other business.

(b) The bylaws of a subsidiary savings bank shall provide for annual meetings of the stockholders to:

  (1) Elect directors; and

  (2) Transact other business.

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