{"data":{"id":"us-md/md.-code-financial-institutions-3-304","jurisdiction":"us-md","citation":"Md. Code, Financial Institutions § 3–304","heading":"","body":"(a) Except as necessary to prevent a loss on a loan previously made in good faith, a commercial bank may not:\n(1) Make any loan secured by any of its outstanding capital stock; or\n(2) Buy or hold any of its outstanding capital stock.\n(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:\n(1) 1 year after the date of acquisition; or\n(2) Any longer period that the Commissioner authorizes.","path":["Article - Financial Institutions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi\u0026section=3-304","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:58:27Z","sha256":"0b36648eb535f39676e75f1dbf45f1f57e9d31726032805c528ba0df9f406ee7","source_id":"us-md","stale":false,"prev":"us-md/md.-code-financial-institutions-3-303","next":"us-md/md.-code-financial-institutions-3-305"},"notice":"GroundRules: Original legal text. Not legal advice."}