4116                                             LAWS OF MARYLAND                    Ch. 5

certificates; providing a certain penalty for a certain
violation; granting immunity from claims and liabilities for
certain persons under certain conditions; generally relating
to net worth certificates and savings and loan associations;
and making this Act an emergency measure.

BY renumbering

Article - Financial Institutions

Section 9-101(h), (i), (j), (k), (1), (m), and (n),

respectively
to be Section 9-101(i), (k), (1), (m), (n), (o), and (p),

respectively
Annotated Code of Maryland
(1980 Volume and 1984 Supplement)

BY adding to

Article - Financial Institutions
Section 9-101(h) and (j) and 9-224
Annotated Code of Maryland
(1980 Volume and 1984 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section(s) 9-101(h), (i), (j), (k), (1), (m), and
(n), respectively, of Article - Financial Institutions of the
Annotated Code of Maryland be renumbered to be Section(s)
9-101(i), (k), (1), (m), (n), (o), and (p), respectively.

SECTION ' 2. AND BE IT FURTHER ENACTED, That the Laws of
Maryland read as follows:

Article - Financial Institutions

9-101.

(H) "FUND DIRECTOR" MEANS THE DIRECTOR OF THE MARYLAND
DEPOSIT INSURANCE FUND CORPORATION.

(J) "NET WORTH CERTIFICATE" MEANS A CAPITAL INSTRUMENT
ISSUED BY A SAVINGS AND LOAN ASSOCIATION FOR THE PURPOSE OF
INCREASING OR MAINTAINING THE CAPITAL OF THE ASSOCIATION.

9-224.

(A) NOTWITHSTANDING ANY OTHER PROVISION OF ANY LAW OR
REGULATION OR ANY PROVISION OF THE CHARTER OR BYLAWS OF ANY
SAVINGS AND LOAN ASSOCIATION:

(1) A SAVINGS AND LOAN ASSOCIATION IS AUTHORIZED TO
ISSUE FROM TIME TO TIME NET WORTH CERTIFICATES TO THE STATE OF
MARYLAND TO THE ACCOUNT OF THE SAVINGS AND LOAN ASSOCIATION