Section 4-905 - Powers and duties. - Maryland Statutes

§ 4-905. Powers and duties.
 

(a)  General powers granted to Maryland corporations.- Except as otherwise provided in this article, a subsidiary savings bank has all of the general powers granted to Maryland corporations under the Maryland General Corporation Law. 

(b)  Applicability of laws regulating savings banks.- Except as otherwise provided in this article, a subsidiary savings bank may exercise all rights, powers, and privileges and shall be subject to all duties and obligations of a savings bank under the laws of this State. 

(c)  References to savings banks.- Any reference to savings bank in any other law of this State shall be applicable to a subsidiary savings bank. 

(d)  Applicability of provisions regarding stock.- A subsidiary savings bank shall be subject to all the provisions of Title 3, Subtitle 3 of this article regarding its stock. 
 

[1986, ch. 355.]