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Maryland · Through 2026-01-01

Md. Code, Financial Institutions § 3–304

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  1. Article - Financial Institutions

(a) Except as necessary to prevent a loss on a loan previously made in good faith, a commercial bank may not:

(1) Make any loan secured by any of its outstanding capital stock; or

(2) Buy or hold any of its outstanding capital stock.

(b) If a commercial bank buys or holds any of its outstanding capital stock, the commercial bank shall sell the stock at public or private sale within:

(1) 1 year after the date of acquisition; or

(2) Any longer period that the Commissioner authorizes.

Collected 2026-09-14T19:58:27Z. Source file · JSON

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