{"data":{"id":"us-md/md.-code-financial-institutions-3-305","jurisdiction":"us-md","citation":"Md. Code, Financial Institutions § 3–305","heading":"","body":"(a) A reduction of the outstanding capital stock of a commercial bank:\n(1) Is not valid unless approved by the Commissioner; and\n(2) May not be made to an amount that is less than that required in § 3-209(b) of this title.\n(b) The Commissioner shall base approval on a finding that the assets of the commercial bank remaining after the proposed reduction of its capital stock will be sufficient to pay all of the claims of existing creditors.","path":["Article - Financial Institutions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi\u0026section=3-305","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:58:27Z","sha256":"9a0d692e7f334cc9430054de8e7ce8b50dc777dc830e9348c12d34b5397b5a83","source_id":"us-md","stale":false,"prev":"us-md/md.-code-financial-institutions-3-304","next":"us-md/md.-code-financial-institutions-3-306"},"notice":"GroundRules: Original legal text. Not legal advice."}