Md. Code, Financial Institutions § 3-303

Md. Code, Financial Institutions § 3-303
in effect
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A commercial bank may not make any loan the proceeds of which are to be used to pay for any part of a subscription to its capital stock unless the loan is secured adequately by other collateral.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi&section=3-303&enactments=falseFetched: 10/17/2026

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