# Financial Institutions (GFI)

## Title 9. Savings and Loan Associations

### Subtitle 3. Organization and Capitalization

#### Section 9-301

(a) A member of a savings and loan association means a holder, as shown on the association's records, of:

  (1) One or more savings accounts, as to a mutual association; and

  (2) One or more shares of capital stock, as to a capital stock association.

(b)

  (1) Multiple holders of a single account or share of capital stock shall be considered a single member.

  (2) Notice to one holder of a multiple name account or share of capital stock is sufficient notice to all holders.

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