3126

LAWS OF MARYLAND

Ch. 856

A PERSON MAY NOT WILLFULLY OR KNOWINGLY MAKE,
CIRCULATE, SEND, CAUSE, AID, PROCURE, PERMIT TO BE MADE,
CIRCULATED, OR SENT ANY FALSE STATEMENT ABOUT A SAVINGS AND
LOAN ASSOCIATION.

(C) PENALTY.

ANY PERSON WHO VIOLATES THIS SECTION IS GUILTY OF A
MISDEMEANOR, AND ON CONVICTION IS SUBJECT TO A FINE OF NOT
MORE THAN $1,000 OR BY IMPRISONMENT FOR NOT MORE THAN 1
YEAR, OR BOTH.

COMMITTEE COMMENT: This section is a new provision that
conforms to similar protections given other
financial institutions.

9-908. TERMINATION OF CERTAIN PROVISIONS OF THIS TITLE.

SUBJECT TO THE EVALUATION AND REESTABLISHMENT
PROVISIONS OF THE REGULATORY PROGRAMS EVALUATION ACT OF
1978, THE PROVISIONS OF §§ 9-101(B) AND (F), 9-102(B),
9-205, 9-206, 9-207, 9-208, 9-209, 9-210, 9-212, 9-213,
9-217, 9-218, 9-219(C)(3), 9-221, 9-223, 9-302, 9-306,
9-307, 9-308, 9-309, 9-310, 9-314, 9-320, 9-321, 9-323,
9-327, 9-402, 9-405, 9-408, 9-419, 9-420, 9-421, 9-427,
9-428, 9-502, 9-503, 9-504, 9-601, 9-602, 9-604, 9-605,
9-606, 9-608, 9-609, 9-610, 9-618, 9-620, 9-621, 9-622,
9-623, 9-624, 9-627, 9-628, 9-629, 9-630, 9-701, 9-702,
9-704, 9-705, 9-708, 9-803, AND 9-905 OF THIS TITLE THAT
RELATE TO THE BOARD OF COMMISSIONERS AND THE DIVISION OF
SAVINGS AND LOAN ASSOCIATIONS AND THAT RELATE TO THE
REGULATION OF SAVINGS AND LOAN ASSOCIATIONS ARE OF NO EFFECT
AND MAY NOT BE ENFORCED AFTER JULY 1, 1982.

COMMITTEE COMMENT: This section formerly appeared as
Art. 23, § 161LL-3.

GENERAL COMMITTEE COMMENT:

Former Art. 23, § 151, which provides that a member is
a competent witness in any legal proceeding and could not be
objected to because of the share interest, is deleted as
unnecessary.

Former Art. 23, § 150B, which requires notice to new
depositors if an account is not insured, is deleted as
obsolete since insurance is mandatory.

Former Art. 23, § 159, titled "Effect of conversion
into federal savings and loan association" was deleted in
light of the provisions of Subtitle 6 of this title.

Art. 23, § 161B(c), which provided that a federal
association and its members were subject to this article, is
deleted in light of preemption by federal law.