Maryland § 9-208.1
Full text of Maryland Maryland Code § 9-208.1, with citation guidance and answers to common questions.
§ 9-208.1.
(a) Except as provided in subsection (b) of this section, the Division Director may not approve any applications seeking incorporation of a newly formed savings and loan association under this title on or after July 1, 1990.
(b) The Division Director may approve an application seeking incorporation of a newly formed savings and loan association under this title if:
(1) The application provides that the newly formed association will, immediately after filing its articles of incorporation with the State Department of Assessments and Taxation, convert to a commercial bank under the provisions of §§ 9-631 through 9-639 of this title or convert to a federally chartered savings and loan association under §§ 9-613 through 9-615 of this title;
(2) The association does not operate as a savings and loan association under this title; and
(3) All other requirements set forth in this title and imposed by the Commissioner are satisfied.
Frequently Asked Questions About Maryland § 9-208.1
What does Maryland Code § 9-208.1 cover?
Section 9-208.1 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 § 9-208.1?
A common citation format is "Maryland Code § 9-208.1" (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 § 9-208.1 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.