Md. Code, Financial Institutions § 9-315
This is the official text of Md. Code, Financial Institutions § 9-315, part of Maryland’s Code, Financial Institutions — regulates banks and lenders.
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§9–315.
Official statutory text
(a) The holder of a savings deposit account in a savings and loan association has the same claim priority in any distribution of assets on liquidation as a general creditor of the deposit association to the extent of the deposit account’s withdrawal value.
(b) In addition to subsection (a) of this section, the holder of a savings deposit account has the same rights as the owner of a savings share account, including any membership or voting rights and the right to share in any distribution of remaining assets on liquidation.
(b) In addition to subsection (a) of this section, the holder of a savings deposit account has the same rights as the owner of a savings share account, including any membership or voting rights and the right to share in any distribution of remaining assets on liquidation.
Status: in_force · Read it on the official government site
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