Section 10-109 - Same - Other prohibited activities. - Maryland Statutes

§ 10-109. Same - Other prohibited activities.
 

(a)  In general.- Except as provided in subsection (b) of this section, the Fund Director and employees of the Fund may not: 

(1) Become indebted to any member association; or 

(2) Engage or be interested in the sale of securities of or in the negotiation of loans for others to or with any member association. 

(b)  Exception.- This section does not apply to a loan that a member association makes to a depositor if the loan is less than the amount of the deposit. 

(c)  Penalty for violation.- Any person who violates any provision of this section is subject to dismissal. 
 

[1985, 1st Sp. Sess., ch. 6, § 3.]