Md. Code, Financial Institutions § 3-306
Md. Code, Financial Institutions § 3-306
in effect(a) If the surplus of a commercial bank at any time is less than 100 percent of its capital stock, then, until the surplus is 100 percent of the capital stock, the commercial bank:
(1) Shall transfer to its surplus annually at least 10 percent of its net earnings; and
(2) May not declare or pay any cash dividends that exceed 90 percent of its net earnings.
(b) Any losses of a commercial bank that exceed its undivided profits may be charged to its surplus.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi§ion=3-306&enactments=falseFetched: 10/17/2026