Maryland § 4-908
Full text of Maryland Maryland Code § 4-908, with citation guidance and answers to common questions.
§ 4-908.
After providing for due or accrued expenses, losses, interest, and taxes, the board of directors of a subsidiary savings bank may declare a cash dividend only from the following:
(1) Its undivided profits; or
(2) With the approval of the Commissioner, its surplus in excess of 100 percent of its required capital stock.
Frequently Asked Questions About Maryland § 4-908
What does Maryland Code § 4-908 cover?
Section 4-908 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 § 4-908?
A common citation format is "Maryland Code § 4-908" (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 § 4-908 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.