532

LAWS OF MARYLAND

Ch. 33

(iv).

In item (2) of this subsection, the present terms
"bonds", "notes", and "contracts" are deleted as
included in "obligations".

In item (4) of this subsection, the present
reference to claims "by Member associations or
their free shareholders, or otherwise" is deleted
as unnecessary.

Also in item (4) of this subsection, the present
reference in Art. 23, § 161NN(b)(i) to providing
liquidity is deleted as unnecessary in light of
the expressed purpose in § 10—103 of this title.

The term "Corporation" is defined in § 10—101 of
this title.

(D) BUYING OR SELLING PROPERTY.

(1)       SUBJECT TO THE SAME LIMITS IMPOSED ON THE
INVESTMENT POWER OF SAVINGS AND LOAN ASSOCIATIONS BY TITLE
9, SUBTITLE 4 OF THIS ARTICLE, THE CORPORATION MAY BUT,
LEASE, OR OTHERWISE ACQUIRE AND SELL, MORTGAGE, LEASE, OR
OTHERWISE DISPOSE OF REAL OR PERSONAL PROPERTY.

(2)      THE CORPORATION MAY ACQUIRE ANY REAL OR
PERSONAL PROPERTY IN SATISFACTION OF DEBTS OR ENFORCEMENT OF
OBLIGATIONS AND MAY DISPOSE OF THAT PROPERTY.

REVISOR'S NOTE: This subsection is new language derived
without substantive change from Art. 23, §
161NN(b)(v).

In paragraph (1) of this subsection,   the present

word "receive" is deleted as included   in the word

"acquire" and the present word "hold"   is deleted
as unnecessary.

Also in paragraph (1) of this subsection, the
present words "convey" and "pledge" are deleted
as included in the phrase "sell, mortgage, lease,
or otherwise dispose of".

Also in paragraph (1) of this subsection, the
present reference to terns and conditions deemed
advisable by the board of directors is deleted as
unnecessary in light of the general management
authority of the board of directors under §
10-109 of this title.

Also in paragraph (1) of this subsection, the
present reference to "§ 160Z ... of this article"
is deleted as obsolete.

"Corporation" is defined in § 10-101 of this