# Financial Institutions (GFI)

## Title 4. Banking Institutions -- Savings Banks

### Subtitle 9. Subsidiary Savings Banks

#### Section 4-906

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.

---

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