<?xml version='1.0' encoding='utf-8'?>
<section article="gfi" article_name="Financial Institutions" number="9-203" title_number="9" title_name="Savings and Loan Associations" subtitle_number="2" subtitle_name="Incorporation">
  <text>The name of a savings and loan association:</text>
  <level label="1">
    <text>Need not indicate that it is a corporation;</text>
  </level>
  <level label="2">
    <text>Shall contain one of the following phrases or any combination of the words:</text>
    <level label="i">
      <text>“Savings association”;</text>
    </level>
    <level label="ii">
      <text>“Building association”;</text>
    </level>
    <level label="iii">
      <text>“Savings and loan association”; or</text>
    </level>
    <level label="iv">
      <text>“Building and loan association”;</text>
    </level>
  </level>
  <level label="3">
    <text>May not be similar in any material or misleading respect to the name of any other State or federal savings and loan association, except that a savings and loan association in operation before July 1, 1980 may continue to operate under its existing name; and</text>
  </level>
  <level label="4">
    <text>May not include the words “commercial”, “federal”, “government”, “guaranteed”, “insured”, “Maryland”, “national”, “trust”, “trustee”, or “United States”, except that a savings and loan association in operation before July 1, 1986 may continue to operate under its existing name.</text>
  </level>
</section>
