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LAWS OF MARYLAND

Ch. 33

8-408. TERMINATION OF CERTAIN PROVISIONS.

EXCEPT FOR § 8-403(B), (C), (D), AND (E), SUBJECT TO

THE REGULATORY PROGRAMS EVALUATION ACT OF 1978, THE
PROVISIONS OF THIS SUBTITLE RELATING TO THE BOARD OF SAVINGS
AND LOAN COMMISSIONERS AND THE DIVISION OF SAVINGS AND LOAN
ASSOCIATIONS AND RELATING TO THE REGULATIONS OF SAVINGS AND
LOAN ASSOCIATIONS ARE OF NO EFFECT AND MAY NOT BE ENFORCED
AFTER JULY 1, 1982.

REVISOR'S NOTE: This section presently appears as Art.
23, § 161LL-3.

The introductory clause of this section is new
language added to clarify that termination of the
enumerated sections is subject to evaluation and
action by the General Assembly under the
referenced Act.

This section, as revised, applies to all
provisions in this subtitle.

The only other changes are in style.

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

GENERAL REVISOR'S NOTE:

Present Art. 23, § 151, which provides that a member of
a savings and loan association nay not be objected to as a
witness on the ground of conflict of interest, is deleted as
unnecessary.

INTRODUCTORY REVISOR'S NOTE TO TITLE 9:

The Commission to Revise the Annotated Code has noted
that the provisions of this title are based on anachronistic
concepts and terminology, and that many areas are not
covered. The statutes in this title have been revised in
the sense that they have been reorganized and restated;
however, the problems of conflicts, ambiguities, and gaps
are perpetuated in this title as revised. Because this law
requires a substantive revision not possible within the
scope of authority granted to the Commission to Revise the
Annotated Code, the Committee on Economic Matters of the
House of Delegates asked a Savings and Loan Law Committee to
examine these statutes and propose a substantive revision to
the House Committee for introduction in the 1980 General
Assembly.

TITLE 9. SAVINGS AND LOAN ASSOCIATIONS — GENERAL
PROVISIONS.