Md. Code, Financial Institutions § 5-1104
Md. Code, Financial Institutions § 5-1104
in effectIf the Commissioner deems it appropriate in order to consummate an acquisition under this subtitle, the Commissioner may:
(1) Convert the charter, form of ownership, or operating powers of a savings and loan association into the charter, form of ownership, or operating powers of a commercial bank;
(2) Authorize the consolidation, merger, or transfer of assets of a savings and loan association into one or more savings and loan associations or commercial banks; and
(3) Charter a new commercial bank or savings and loan association to acquire all or a substantial portion of the assets and liabilities of an existing savings and loan association, including all savings accounts liabilities and liabilities to the State.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi§ion=5-1104&enactments=falseFetched: 10/17/2026