§ 9–308
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 9-308 (2026)
Title 9. Savings and Loan Associations
Subtitle 3. Organization and Capitalization
§ 9–308LinkCopy Citation
(a)
A savings and loan association shall provide a fidelity bond, in the amount that the Division Director requires, to cover each director, officer, employee, or agent of the association who has control over or access to cash or securities of the association.
(b)
If a person fails to qualify for the bond required by subsection (a) of this section, the association shall remove the person from the position held by the person with the association.