{"data":{"id":"us-md/md.-code-financial-institutions-4-101","jurisdiction":"us-md","citation":"Md. Code, Financial Institutions § 4–101","heading":"","body":"(a) In this title the following words have the meanings indicated.\n(b) “Mutual holding company” means the corporation which holds more than 50% of the stock of a subsidiary savings bank pursuant to a reorganization under Subtitle 8 of this title.\n(c) (1) “Savings bank” means an institution that:\n(i) Is incorporated under the laws of this State as a savings bank; and\n(ii) Engages only in the business of savings banking.\n(2) The term “savings bank” includes a subsidiary savings bank for the purpose of applying the provisions of this article.\n(d) “Subsidiary savings bank” means an institution that:\n(1) Is incorporated under the laws of this State as a subsidiary savings bank, all of the stock of which is owned by a mutual holding company;\n(2) Engages only in the business of savings banking;\n(3) Is a member of the Federal Deposit Insurance Corporation; and\n(4) Is organized to receive assets and liabilities of a mutual holding company in accordance with this subtitle and Subtitle 9 of this title.","path":["Article - Financial Institutions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi\u0026section=4-101","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:58:27Z","sha256":"02e0453701b1d5108d9d02994e4b07ddef09b716c8de21591a939b2d0c78c2ab","source_id":"us-md","stale":false,"prev":"us-md/md.-code-financial-institutions-3-804","next":"us-md/md.-code-financial-institutions-4-201"},"notice":"GroundRules: Original legal text. Not legal advice."}