1698                                          LAWS OF MARYLAND                                     Ch. 134

(i) [The Federal Savings and Loan Insurance
Corporation;

(ii)] The Maryland Savings-Share Insurance
Corporation;

[(iii)] (II) Any other insurer under a state
insurance program provided that the insurer is a member of the
National Association of State Savings Insurers;

[(iv)] (III) The Maryland Credit Union
Insurance Corporation; or

[(v)] (IV) The National Credit Union Share
Insurance Fund;

(19)  Any investment permitted to a banking
institution in this State [provided that the savings and loan
association meets the conditions required of an investing banking
institution]; [and]

(20)  OBLIGATIONS OF ANY BANK INSURED BY THE FEDERAL
DEPOSIT INSURANCE CORPORATION; AND

[(20)] (21) Any other investment authorized by the
Board of Commissioners.

(c) This section does not prohibit a State-chartered
savings and loan association from making any ADDITIONAL
investment NOT OTHER THAN THOSE AUTHORIZED IN SUBSECTION (A) OF
THIS SECTION that is permissible for a federal savings and loan
association TO THE SAME EXTENT AND SUBJECT TO THE SAME CONDITIONS
AS A FEDERAL SAVINGS AND LOAN ASSOCIATION.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1985.

Approved May 21, 1985.

CHAPTER 135

(Senate Bill 112)

AN ACT concerning

Savings and Loan Associations - Removal of Director or Officer

FOR the purpose of empowering requiring the Director of the
Savings and Loan Division of the Department of Licensing and
Regulation to warn and remove a director or officer of a
savings and loan association for engaging in certain