Maryland § 9-223
Full text of Maryland Maryland Code § 9-223, with citation guidance and answers to common questions.
§ 9-223.
If the attempt to incorporate a savings and loan association is unsuccessful:
(1) The chairman of the incorporators shall refund amounts paid to the initial accounts under this subtitle, except that the expense fund and paid-in surplus accounts are first subject to all reasonable expenses; and
(2) The Division Director shall release the surety bond of the chairman of the incorporators when the Director has satisfactory assurance that:
(i) All expenses have been paid; and
(ii) All amounts under item (1) of this section have been refunded.
Frequently Asked Questions About Maryland § 9-223
What does Maryland Code § 9-223 cover?
Section 9-223 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 § 9-223?
A common citation format is "Maryland Code § 9-223" (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 § 9-223 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.