# Financial Institutions (GFI)

## Title 9. Savings and Loan Associations

### Subtitle 10. Regional Reciprocal Interstate Savings and Loan Acquisitions

#### Section 9-1009

(a) An out-of-state association's status as an out-of-state association shall not be affected by its conversion from a federal charter to a charter issued by a region jurisdiction, or by conversion from a charter issued by a region jurisdiction to a federal charter, so long as the out-of-state association otherwise continues to qualify as an out-of-state association in accordance with Sec. 9-1001(i) of this subtitle.

(b) An out-of-state association that is not a federally chartered association on and after June 30, 1992 shall divest itself of any deposit-taking offices in Maryland, in accordance with Sec. 9-1006 of this subtitle.

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