§ 5–1104
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 5-1104 (2026)
Title 5. Banking Institutions -- General Provisions
Subtitle 11. Savings and Loan Associations -- Emergency Interstate Acquisitions
§ 5–1104LinkCopy Citation
If the Commissioner deems it appropriate in order to consummate an acquisition under this subtitle, the Commissioner may:
(1)
Convert the charter, form of ownership, or operating powers of a savings and loan association into the charter, form of ownership, or operating powers of a commercial bank;
(2)
Authorize the consolidation, merger, or transfer of assets of a savings and loan association into one or more savings and loan associations or commercial banks; and
(3)
Charter a new commercial bank or savings and loan association to acquire all or a substantial portion of the assets and liabilities of an existing savings and loan association, including all savings accounts liabilities and liabilities to the State.