# Financial Institutions (GFI)

## Title 9. Savings and Loan Associations

### Subtitle 3. Organization and Capitalization

#### Section 9-314

(a) Only a deposit association may issue savings deposit accounts.

(b) A savings and loan association may become a deposit association if:

  (1) Its charter or bylaws provide; and

  (2) The Division Director approves.

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