# Financial Institutions (GFI)

## Title 9. Savings and Loan Associations

### Subtitle 3. Organization and Capitalization

#### Section 9-313

(a) If its charter or bylaws provide, a savings and loan association that is not a deposit association may issue savings share accounts.

(b) Notwithstanding any provision in its charter or bylaws before July 1, 1980 on the number of savings share accounts, a savings and loan association that is not a deposit association may accept subscriptions and payment for an unlimited number of savings share accounts without other corporate action.

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