§ 4–906
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 4-906 (2026)
Title 4. Banking Institutions -- Savings Banks
Subtitle 9. Subsidiary Savings Banks
§ 4–906LinkCopy Citation
A subsidiary savings bank may not do business until:
(1)
The subsidiary savings bank receives from the Commissioner a certificate of authority to do business; and
(2)
The required capital stock and the required surplus are paid in full.