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LAWS OF MARYLAND

Ch. 33

AGENCIES; AND

(II) THIS STATE AND ANY OF ITS POLITICAL
SUBDIVISIONS;

(2)       PLEDGE COLLATERAL TO SECURE DEPOSITS; AND

(3)       NOTWITHSTANDING THE PROHIBITION IN § 9-313
OF THIS TITLE AGAINST PAYING A FIXED RATE, COMPLY WITH THE
TERMS REQUIRED BY THE DEPOSITOR.

(B) CLAIM PRIORITY — DEPOSITORY..

DEPOSITORS UNDER THIS SECTION ARE GENERAL CREDITORS
UNDER § 9-320 OF THIS TITLE.

REVISOR'S NOTE: This section is new language derived
without substantive change from CA § 6-212(c).

"Savings and loan association" is defined in §
9-101 of this title.

9-431. TERMINATION OF PROVISIONS OF CERTAIN SECTIONS IN
SUBTITLE..

SECTIONS 9-401, 9-402, 9-403, 9-405, 9-419, 9-420,
9-421. 9-422, 9-423, 9-424, 9-426, 9-427, 9-428, AND 9-429
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 only changes are in style.

NOTE TO THE GENERAL ASSEMBLY: Although present
Art. 23, § 161LL-3 terminates in their entirety
the present sections from which the sections in
this subtitle are derived, many of the revised
sections contain no regulatory provision after
being revised: §§ 9-405, 9-422, 9-423, 9-426,
9-427, and 9-428.

SUBTITLE 5. EXAMINATIONS AND AUDITS.

9-501. EXAMINATIONS; AUDITS; ACCESS.

(A) EXAMINATIONS.

AT LEAST ONCE EVERY 3 YEARS AND AT ANY OTHER TIME THAT
THE DIVISION DIRECTOR CONSIDERS NECESSARY, THE DIVISION
DIRECTOR SHALL HAVE AN EXAMINATION MADE INTO THE BUSINESS OF
EACH SAVINGS AND LOAN ASSOCIATION.