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LAWS OF MARYLAND

Ch. 33

"GUARANTY STOCK" MEANS CAPITAL STOCK ISSUED BY A
SAVINGS AND LOAN ASSOCIATION, WHICH STOCK MEETS BOTH THE
SPECIFIC REQUIREMENTS OF THIS TITLE AND THE GENERAL
REQUIREMENTS OF THE CORPORATIONS AND ASSOCIATIONS ARTICLE.

REVISOR'S NOTE: This subsection presently appears as CA
§ 6-201(g).

The only changes are in style.

(F) GUARANTY STOCK ASSOCIATION.

"GUARANTY STOCK ASSOCIATION" MEANS A SAVINGS AND LOAN
ASSOCIATION THAT HAS AUTHORITY UNDER THIS TITLE TO ISSUE
GUARANTY STOCK.

REVISOR'S NOTE: This subsection presently appears as CA
§ 6-201(h).

The only changes are in style.

(6) MUTUAL ASSOCIATION.

"MUTUAL ASSOCIATION" MEANS A SAVINGS AND LOAN
ASSOCIATION THAT DOES NOT HAVE AUTHORITY TO ISSUE GUARANTY
STOCK.

REVISOR'S NOTE: This subsection presently appears as CA
§ 6-201 (i).

The only changes are in style.

(H) SAVINGS AND LOAN ASSOCIATION.

"SAVINGS AND LOAN ASSOCIATION" MEANS, UNLESS THE
CONTEXT CLEARLY REQUIRES OTHERWISE, A CORPORATION THAT IS
CHARTERED UNDER THE LAWS OF THIS STATE AS A SAVINGS AND LOAN
ASSOCIATION.

REVISOR'S NOTE: This subsection is new language added
to conform to the definition in § 8—101 of this
article.

(I) STATUTORY MERGER.

"STATUTORY MERGER" MEANS THE TRANSFER OF ALL OR
SUBSTANTIALLY ALL OF THE ASSETS OF A CORPORATION TO A
SUCCESSOR, WHICH TRANSFER IS:

(1)   SUBJECT TO ALL OR SUBSTANTIALLY ALL OF THE
LIABILITIES OF THE TRANSFEROR; AND

(2)   FOLLOWED BY THE DISSOLUTION OF THE
TRANSFEROR.

REVISOR'S NOTE: This subsection is new language derived