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Current as of January 01, 2025 | Updated by Findlaw Staff
The name of a savings and loan association:
(1) Need not indicate that it is a corporation;
(2) Shall contain one of the following phrases or any combination of the words:
(i) “Savings association”;
(ii) “Building association”;
(iii) “Savings and loan association”; or
(iv) “Building and loan association”;
(3) May not be similar in any material or misleading respect to the name of any other State or federal savings and loan association, except that a savings and loan association in operation before July 1, 1980 may continue to operate under its existing name; and
(4) May not include the words “commercial”, “federal”, “government”, “guaranteed”, “insured”, “Maryland”, “national”, “trust”, “trustee”, or “United States”, except that a savings and loan association in operation before July 1, 1986 may continue to operate under its existing name.
Cite this article: FindLaw.com - Maryland Code, Financial Institutions § 9-203 - last updated January 01, 2025 | https://codes.findlaw.com/md/financial-institutions/md-code-fin-inst-sect-9-203/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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