Maryland § 9-914
Full text of Maryland Maryland Code § 9-914, with citation guidance and answers to common questions.
§ 9-914.
(a) A controlling person, officer, or director may not withdraw funds or cause his funds or those of his immediate family or any other depositor to be withdrawn knowing that due to financial difficulties the association is about to suspend operations or go into conservatorship, receivership, reorganization, or liquidation.
(b) Any controlling person, officer, or director who violates subsection (a) of this section, upon conviction, shall:
(1) Be sentenced to imprisonment in the penitentiary for not more than 10 years;
(2) Be fined not more than $100,000; and
(3) Make full restitution.
Frequently Asked Questions About Maryland § 9-914
What does Maryland Code § 9-914 cover?
Section 9-914 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 § 9-914?
A common citation format is "Maryland Code § 9-914" (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 § 9-914 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.