# Financial Institutions (GFI)

## Title 5. Banking Institutions -- General Provisions

### Subtitle 11. Savings and Loan Associations -- Emergency Interstate Acquisitions

#### Section 5-1104

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.

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