Maryland § 9-210
Full text of Maryland Maryland Code § 9-210, with citation guidance and answers to common questions.
§ 9-210.
(a) In this section, “business” means receiving funds or making loans.
(b) A savings and loan association forfeits its charter for nonuse if it:
(1) Has not begun business within 180 days of the acceptance for record of its articles of incorporation, except that the Division Director may grant one extension of not more than 180 days; or
(2) After beginning business, does not engage actively in business during any continuous period of 180 days.
(c) The charter of the savings and loan association is void when the State Department of Assessments and Taxation receives a certified copy of a final order, issued by the Division Director, that:
(1) Finds there is no just cause for the failure to begin or engage in business; and
(2) Directs the savings and loan association to dissolve its business.
Frequently Asked Questions About Maryland § 9-210
What does Maryland Code § 9-210 cover?
Section 9-210 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 § 9-210?
A common citation format is "Maryland Code § 9-210" (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 § 9-210 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.