Section 9-301 - Member. - Maryland Statutes

§ 9-301. Member.
 

(a)  "Member" defined.- A member of a savings and loan association means a holder, as shown on the association's records, of: 

(1) One or more savings accounts, as to a mutual association; and 

(2) One or more shares of capital stock, as to a capital stock association. 

(b)  Multiple holders.-  

(1) Multiple holders of a single account or share of capital stock shall be considered a single member. 

(2) Notice to one holder of a multiple name account or share of capital stock is sufficient notice to all holders. 
 

[CA § 6-219; 1980, ch. 856; 1986, ch. 282.]