Maryland § 10-109
Full text of Maryland Maryland Code § 10-109, with citation guidance and answers to common questions.
§ 10-109.
(a) Except as provided in subsection (b) of this section, the Fund Director and employees of the Fund may not:
(1) Become indebted to any member association; or
(2) Engage or be interested in the sale of securities of or in the negotiation of loans for others to or with any member association.
(b) This section does not apply to a loan that a member association makes to a depositor if the loan is less than the amount of the deposit.
(c) Any person who violates any provision of this section is subject to dismissal.
Frequently Asked Questions About Maryland § 10-109
What does Maryland Code § 10-109 cover?
Section 10-109 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 10-109?
A common citation format is "Maryland Code § 10-109" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 10-109 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.