# Financial Institutions (GFI)

## Title 9. Savings and Loan Associations

### Subtitle 2. Incorporation

#### Section 9-221

The incorporators of a capital stock association shall have subscriptions for capital stock in an aggregate of not less than $1,000,000, or any greater amount that the Division Director requires in order to conduct a safe and sound operation.

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