{"data":{"id":"us-md/md.-code-financial-institutions-4-908","jurisdiction":"us-md","citation":"Md. Code, Financial Institutions § 4–908","heading":"","body":"After providing for due or accrued expenses, losses, interest, and taxes, the board of directors of a subsidiary savings bank may declare a cash dividend only from the following:\n(1) Its undivided profits; or\n(2) With the approval of the Commissioner, its surplus in excess of 100 percent of its required capital stock.","path":["Article - Financial Institutions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi\u0026section=4-908","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:58:27Z","sha256":"6d7ea0e5bc99f8640caa31665e1d43ffea783d6ec3c20697f516cc2acaf201e1","source_id":"us-md","stale":false,"prev":"us-md/md.-code-financial-institutions-4-907","next":"us-md/md.-code-financial-institutions-4-909"},"notice":"GroundRules: Original legal text. Not legal advice."}