§ 9–212
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 9-212 (2026)
Title 9. Savings and Loan Associations
Subtitle 2. Incorporation
§ 9–212LinkCopy Citation
(a)
A savings and loan association that forfeits its charter may revive the charter in accordance with Title 3, Subtitle 5 of the Corporations and Associations Article only if:
(1)
The Division Director approves the proposed articles of revival; and
(2)
The charter was forfeited for:
(i)
Failure to file an annual report with the State Department of Assessments and Taxation; or
(ii)
Nonpayment of taxes.
(b)
Not later than 30 days after a savings and loan association files articles of revival with the Division Director for examination, the Director shall pass an order approving or refusing the articles of revival.