{"data":{"id":"us-md/md.-code-financial-institutions-9-425","jurisdiction":"us-md","citation":"Md. Code, Financial Institutions § 9–425","heading":"","body":"(a) A savings and loan association may:\n(1) Act as a depository of funds of:\n(i) The federal government and its agencies; and\n(ii) This State and any of its political subdivisions;\n(2) Pledge collateral to secure deposits; and\n(3) Comply with the terms required by the depositor.\n(b) Depositors under this section are general creditors under § 9-329 of this title (“Priority of claims”).","path":["Article - Financial Institutions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi\u0026section=9-425","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:58:27Z","sha256":"28bb641f57ea1a37e7ea22517df2ebeb51c5b4bb7dd9bc8836bf2603e4291742","source_id":"us-md","stale":false,"prev":"us-md/md.-code-financial-institutions-9-424","next":"us-md/md.-code-financial-institutions-9-426"},"notice":"GroundRules: Original legal text. Not legal advice."}