§ 5–402
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 5-402 (2026)
Title 5. Banking Institutions -- General Provisions
Subtitle 4. Affiliates and Bank Service Corporations
§ 5–402LinkCopy Citation
This subtitle does not:
(1)
Affect any affiliate, if the affiliation existed on June 1, 1935; or
(2)
Apply to a purchase by a banking institution of the stock of a small business investment company under the federal Small Business Investment Act of 1958, except that the value at which the purchased shares are carried on the books of the banking institution may not exceed 2 percent of its unimpaired capital and surplus.