Section 9-915 – Scope of Judicial Review
(a) In any appeal of an order of the Division Director under this title or Title 8 of this article, the Division Director shall be considered a party and has the right to appeal any decision to the Court of Special Appeals or petition the Court of Appeals for a writ of certiorari. (b) Whether or not […]
Section 9-916 – Indemnification Prohibition
Notwithstanding any provision of law, a savings and loan association, holding company, or subsidiary may not indemnify any person who is fined under any criminal penalty provision of this title or Title 8 of this article or subject to any civil penalty under this title or Title 8 of this article.
Section 9-917 – Rules of Construction
In the interpretation and construction of this title and Title 8 of this article: (1) A reference to a statute or to a regulation issued by a government agency includes the statute or regulation with all amendments and supplements to the statute and any new statute or regulation substituted for such statute or regulation, as in […]
Section 9-918 – Receiverships Effective June 1, 1992
On June 1, 1992 any savings and loan association that is chartered under the provisions of this title shall be placed in receivership in accordance with § 9-708 of this title.
Section 9-1002 – Scope of Subtitle
(a) This subtitle sets forth the conditions under which an out-of-state association or out-of-state savings and loan holding company may acquire a Maryland association, a Maryland savings and loan holding company, an interstate association, or an out-of-state savings and loan holding company having a Maryland association subsidiary. (b) This subtitle does not authorize any acquisition other than […]
Section 9-1003 – Acquisition by Out-of-State Savings and Loan Holding Company
(a) (1) An out-of-state savings and loan holding company not having a Maryland association subsidiary is authorized to acquire a Maryland association, a Maryland savings and loan holding company, an interstate association, or an out-of-state savings and loan holding company having a Maryland association subsidiary, if the out-of-state savings and loan holding company and entity being acquired: […]
Section 9-1004 – Acquisition by Out-of-State Association
(a) (1) An out-of-state association that has not acquired a Maryland association or an interstate association is authorized to acquire a Maryland association or an interstate association, if the out-of-state association and entity being acquired: (i) Comply with all applicable provisions of § 9-216 of this title; (ii) Comply with all applicable provisions of Subtitle 6 of this title; […]
Section 9-904 – Exemption From Blue Sky Law
The sale of savings accounts of any savings and loan association in this State is exempt from all provisions of law of this State that provide for the supervision and regulation of the sale of securities. The sale of any accounts does not require any action by any official who supervises the sale of securities.
Section 9-905 – Promotional Activities; Advertising
(a) The Division Director shall regulate promotional activities by savings and loan associations. (b) An association may not publish or cause to be published any misleading advertisement, notice, or announcement of any type or format.
Section 9-704 – Expenses of Conservatorship
(a) A savings and loan association shall pay the expenses of operation during its conservatorship. (b) Except as provided in subsection (c) of this section, a savings and loan association shall pay its conservator the compensation that the court determines. (c) The Division Director or an examiner from the Division of Savings and Loan Associations may not receive […]