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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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FINANCIAL INSTITUTIONS |
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TITLE 4. BANKING INSTITUTIONS -- SAVINGS BANKS |
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SUBTITLE 9. SUBSIDIARY SAVINGS BANKS |
§ 4-905. Powers and duties
Latest version.
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(a) General powers granted to Maryland corporations. -- Except as otherwise provided in this article, a subsidiary savings bank has all of the general powers granted to Maryland corporations under the Maryland General Corporation Law.
(b) Applicability of laws regulating savings banks. -- Except as otherwise provided in this article, a subsidiary savings bank may exercise all rights, powers, and privileges and shall be subject to all duties and obligations of a savings bank under the laws of this State.
(c) References to savings banks. -- Any reference to savings bank in any other law of this State shall be applicable to a subsidiary savings bank.
(d) Applicability of provisions regarding stock. -- A subsidiary savings bank shall be subject to all the provisions of Title 3, Subtitle 3 of this article regarding its stock.