HARRY HUGHES, Governor

399

(2) THE NUMBER AND MINIMUM SIZE OF SAVINGS AND
LOAN ASSOCIATIONS SHALL BE REGULATED IN THE INTEREST OF
SECURELY AND EFFICIENTLY SERVING THE RESIDENTS OF ANY
LOCALITY IN WHICH AN ASSOCIATION OPERATES.

REVISOR'S NOTE: This section presently appears as Art.
23, § 161A(a), (c), and (d).

The only changes are in style.

8-103. LIBERAL CONSTRUCTION.

TO FURTHER THE POLICIES OF THIS TITLE, ITS PROVISIONS
SHALL BE LIBERALLY CONSTRUED TO PROMOTE THE PURPOSES OF
SAVINGS AND LOAN ASSOCIATIONS.

REVISOR'S NOTE: This section is new language derived
without substantive change from Art. 23, §
161A(g), as it applies to this title.

The only changes are in style.

8-104.

SUBJECT TO THE EVALUATION AND REESTABLISHMENT

PROVISIONS OF THE REGULATORY PROGRAMS EVALUATION ACT OF

1978, § 8-101(B) AND (C) AND § 8-102 OF THIS SUBTITLE
RELATING TO THE BOARD OF SAVINGS AND LOAN ASSOCIATIONS

COMMISSIONERS AND THE DIVISION OF SAVINGS AND LOAN

ASSOCIATION AND RELATING TO THE REGULATION OF SAVINGS AND

LOAN ASSOCIATIONS ARE OF NO EFFECT AND MAY NOT BE ENFORCED

AFTER JULY 1, 1982.

REVISOR'S NOTE: This section is a new provision added
to conform to the Regulatory Programs Evaluation
Act of 1978.

As to the Regulatory Programs Evaluation Act of
1978, see Art. 41, § 484 et seq. of the Code.

GENERAL REVISOR'S NOTE:

CA § 6-201(c) and (d), which defines "Chairman" and
"Division", is deleted as unnecessary.

Present Art. 23, § 161B(a), which cross references the
definition of savings and loan associations to the
Corporations and Associations Article, is deleted as
unnecessary.

SUBTITLE 2. BOARD OF SAVINGS AND LOAN ASSOCIATION
COMMISSIONERS.

8-201. BOARD ESTABLISHED.

THERE IS A BOARD OF SAVINGS AND LOAN ASSOCIATION