HARRY HUGHES, Governor

1263

(B)    THE DIVISION DIRECTOR SHALL APPROVE A PLAN IF HE
FINDS THAT THE PLAN IS FAIR AND THAT THE SAVINGS AND LOAN
ASSOCIATION HAS SATISFIED THE REQUIREMENTS OF § 6-213(C) OF
THIS SUBTITLE.

(C)    ANY APPLICANT OR PROTESTING SAVINGS AND LOAN
ASSOCIATION WHICH IS AGGRIEVED BY THE ACTION OR NONACTION OF
THE DIVISION DIRECTOR MAY APPEAL IN ACCORDANCE WITH ARTICLE
23, § 161H OF THE CODE.

6-218.

(a)    The name of the savings and loan association:

(1)    Except as provided in § 6-213(c) [(1)](6)
(5) of this subtitle, is not required to indicate that it is
a corporation; and

(2)    Subject to the provisions of §
6-213(c) [(1)](6) (5) of this subtitle, shall contain one of
the following phrases or a combination of them:

(i)         "Savings association";

(ii)       "Building association";

(iii)    "Savings and loan association";

(iv)       "Building and loan association";

(v)         "Building and homestead association."

(b)    Only a corporation which complies with the
provisions of this subtitle may use any name described in
subsection (a)(2) of this section.

SECTION 4. AND BE IT FURTHER ENACTED, That Section(s)
161P(g) of Article 23 - Miscellaneous Companies, of the
Annotated Code of Maryland be repealed.

SECTION 5. AND BE IT FURTHER ENACTED, That this Act
shall take effect January 1, 1980.

Approved May 29, 1979.

CHAPTER 436
(Senate Bill 257)
AN ACT concerning