Section 9-801 – “Foreign Association” Defined
In this subtitle, “foreign association” means any savings and loan association other than: (1) A savings and loan association incorporated under the laws of this State; or (2) A savings and loan association incorporated under the laws of the United States that has its principal office in this State.
Section 9-802 – General Prohibition; Exceptions
(a) Except as provided under subsection (b) of this section, a foreign association or a savings and loan association that maintains its principal office outside this State may not: (1) Have an office for business in this State except for an office that was open for business in this State before June 1, 1955; (2) Have an electronic […]
Section 9-803 – Relocation of Permitted Office
(a) Subject to § 9-309 of this title and the approval of the Division Director, a foreign association or any savings and loan association that maintains its principal office outside this State may relocate an existing office in this State if: (1) The office was open on or before March 1, 1955; and (2) The relocation is within: […]
Section 9-804 – Activities Not Considered Doing Business
(a) For the purposes of this article and the Corporations and Associations Article, in addition to the activities listed in §§ 7–103 and 7–104 of the Corporations and Associations Article, the following activities of a foreign association do not constitute doing business or having tax situs in this State: (1) Making or investing in loans on property […]
Section 9-805 – Examination of Offices
Except for a foreign association incorporated under the laws of the United States, the Division Director may examine the Maryland offices of any foreign association as provided in Subtitle 5 of this title.