Maryland § 9-321
Full text of Maryland Maryland Code § 9-321, with citation guidance and answers to common questions.
§ 9-321.
(a) If the Division Director approves a plan of issuance under subsection (b) of this section, a capital stock association may issue capital stock that is additional to that of its initial offering.
(b) The Division Director shall approve a plan submitted under subsection (a) of this section if the plan:
(1) Is fair; and
(2) Conforms to this part of this subtitle.
(c) A dividend in the form of a savings and loan association’s capital stock does not require approval of the Division Director.
(d) A split of the number of issued shares of capital stock of a savings and loan association into a greater or lesser number of shares without increasing the stated capital of the association requires the approval of the Division Director.
(e) Any applicant that is aggrieved by the action or nonaction of the Director may appeal to the Circuit Court for Baltimore City.
Frequently Asked Questions About Maryland § 9-321
What does Maryland Code § 9-321 cover?
Section 9-321 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 § 9-321?
A common citation format is "Maryland Code § 9-321" (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 § 9-321 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.