# Financial Institutions (GFI)

## Title 9. Savings and Loan Associations

### Subtitle 2. Incorporation

#### Section 9-212

(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.

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