Maryland § 3-701
Full text of Maryland Maryland Code § 3-701, with citation guidance and answers to common questions.
§ 3-701.
(a) In this subtitle the following words have the meanings indicated.
(b) “Bank” means a commercial bank, a national banking association, an other-state bank, or a federally chartered savings bank or savings and loan association.
(c) “Constituent bank” means a party to a consolidation, merger, or transfer of assets.
(d) “Successor” means the bank that carries on the business of the constituent banks after a consolidation, merger, or transfer of assets.
(e) “Transfer assets”, “transfer its assets”, or “transfer of assets” means to sell, lease, exchange, or otherwise transfer all or substantially all of the property and assets of a constituent bank.
Frequently Asked Questions About Maryland § 3-701
What does Maryland Code § 3-701 cover?
Section 3-701 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 § 3-701?
A common citation format is "Maryland Code § 3-701" (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 § 3-701 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.