Md. Code, Tax - General § 8-101

(a) In this title the following words have the meanings indicated.

(b) “Company” means an association, corporation, or joint-stock company.

(c) (1) “Financial institution” means:

(i) a credit company;

(ii) except as provided in paragraph (2)(i) of this subsection, a finance company;

(iii) an international banking facility;

(iv) a loan company;

(v) a mortgage company;

(vi) a safe-deposit company; and

(vii) a savings and loan association.

(2) “Financial institution” does not include:

(i) a finance company that makes loans only to farmers for agricultural purposes;

(ii) a company licensed under the federal Small Business Investment Act of 1958;

(iii) a corporation that elects to be taxed as a small business corporation under Subchapter S of the Internal Revenue Code;

(iv) an entity that is a real estate mortgage investment conduit as defined in the Internal Revenue Code;

(v) a limited liability company; or

(vi) a commercial bank, savings bank, trust company, or company that substantially competes with national banks in the State.

(d) “Savings and loan association” means:

(1) a savings and loan association that:

(i) is organized under the laws of this State;

(ii) is organized under the laws of another state and is admitted to do business in this State; or

(iii) is organized under the laws of the United States and has an office in this State; or

(2) a savings bank chartered by the Federal Home Loan Bank Board.

(e) (1) “Savings bank” means a company or other institution that is organized to receive deposits of money and pay interest on the deposits.

(2) “Savings bank” does not include a bank with capital stock.