To organize as a savings and loan association, the chairman of the incorporators shall: Obtain a surety bond as provided in § 9-217 of this subtitle; and Establish: The initial subscription for savings accounts; and The expense fund. In addition to subsection (a) of this section, the incorporators of a capital stock association shall establish an initial subscription account for capital stock. A capital stock association may use its paid-in surplus to provide amounts required for the expense fund. Any paid-in surplus amounts that are allocated to the expense fund under subparagraph (i) of this paragraph may not be used for dividends to holders of capital stock or any other distribution to holders of capital stock except on liquidation.