Md. Code, Financial Institutions § 10-108
This is the official text of Md. Code, Financial Institutions § 10-108, part of Maryland’s Code, Financial Institutions — regulates banks and lenders.
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§10–108.
Official statutory text
(a) The Fund Director may not:
(1) Be an officer or director of any State or federal savings and loan association; or
(2) Engage in any other business relating to financial institutions.
(b) (1) The Fund Director may not own stock or be a depositor in any member association.
(2) The employees of the Fund may not own stock in any member association.
(c) Any person who violates any provision of this section is subject to dismissal.
(1) Be an officer or director of any State or federal savings and loan association; or
(2) Engage in any other business relating to financial institutions.
(b) (1) The Fund Director may not own stock or be a depositor in any member association.
(2) The employees of the Fund may not own stock in any member association.
(c) Any person who violates any provision of this section is subject to dismissal.
Status: in_force · Read it on the official government site
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