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Maryland Code, Financial Institutions § 9-315

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) The holder of a savings deposit account in a savings and loan association has the same claim priority in any distribution of assets on liquidation as a general creditor of the deposit association to the extent of the deposit account's withdrawal value.

(b) In addition to subsection (a) of this section, the holder of a savings deposit account has the same rights as the owner of a savings share account, including any membership or voting rights and the right to share in any distribution of remaining assets on liquidation.

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Cite this article: FindLaw.com - Maryland Code, Financial Institutions § 9-315 - last updated January 01, 2025 | https://codes.findlaw.com/md/financial-institutions/md-code-fin-inst-sect-9-315/

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