§ 9–1101

Statutes in effect as of October 1, 2026.

Md. Code Ann., Fin. Inst. § 9-1101 (2026)

Title 9. Savings and Loan Associations

Subtitle 11. Mutual Association Conversion to a Credit Union

In this subtitle, “mutual association” means an association that:

(1)

Is a corporation chartered under the laws of the State as a savings and loan association that does not have the authority to issue capital stock;

(2)

Is insured by the State of Maryland Deposit Insurance Corporation; and

(3)

Has assets of $15,000,000 or less or had total assets of less than $15,000,000 as of May 18, 1985.