§ 9-203. Name of savings and loan association

   The name of a savings and loan association:

   (1) Need not indicate that it is a corporation;

   (2) Shall contain one of the following phrases or any combination of the words:

      (i) "Savings association";

      (ii) "Building association";

      (iii) "Savings and loan association"; or

      (iv) "Building and loan association";

   (3) May not be similar in any material or misleading respect to the name of any other State or federal savings and loan association, except that a savings and loan association in operation before July 1, 1980 may continue to operate under its existing name; and

   (4) May not include the words "commercial", "federal", "government", "guaranteed", "insured", "Maryland", "national", "trust", "trustee", or "United States", except that a savings and loan association in operation before July 1, 1986 may continue to operate under its existing name.

HISTORY: CA § 6-201, 6-218; 1980, ch. 856; 1986, ch. 282; 1987, ch. 11, § 1.