# Financial Institutions (GFI)

## Title 9. Savings and Loan Associations

### Subtitle 4. General Powers and Provisions

#### Section 9-425

(a) A savings and loan association may:

  (1) Act as a depository of funds of:

    (i) The federal government and its agencies; and

    (ii) This State and any of its political subdivisions;

  (2) Pledge collateral to secure deposits; and

  (3) Comply with the terms required by the depositor.

(b) Depositors under this section are general creditors under Sec. 9-329 of this title ("Priority of claims").

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