{"data":{"id":"us-md/md.-code-financial-institutions-9-218","jurisdiction":"us-md","citation":"Md. Code, Financial Institutions § 9–218","heading":"","body":"The incorporators of a savings and loan association shall deliver to their chairman, as savings accounts in the association, an aggregate amount in subscriptions of at least $1,000,000 or any greater amount that the Division Director determines is necessary to conduct a safe and sound operation at the proposed location of the principal office of the association in this State. The aggregate amount constitutes the initial subscription for savings accounts.","path":["Article - Financial Institutions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi\u0026section=9-218","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:58:27Z","sha256":"79eb5335290da045f4f4bbceb8276295b877528150531e8112c4a3b9539d01bf","source_id":"us-md","stale":false,"prev":"us-md/md.-code-financial-institutions-9-217","next":"us-md/md.-code-financial-institutions-9-220"},"notice":"GroundRules: Original legal text. Not legal advice."}