LAWS OF MARYLAND

[(c)] (E)(F) Division Director.

"Division Director" means the Director of the Division of
Savings and Loan Associations.

(F) (G) HOLDING COMPANY.

"HOLDING COMPANY" MEANS A HOLDING COMPANY OR ANY COMPANY OR
OTHER ENTITY WHICH DIRECTLY OR INDIRECTLY CONTROLS ANY OTHER
COMPANY, OR OTHER ENTITY.

(G) (H) IMMEDIATE FAMILY.

"IMMEDIATE FAMILY" MEANS A SPOUSE, CHILD, CHILD'S SPOUSE.
PARENT, SIBLING, GRANDPARENT, OR OR GRANDCHILD, OR OTHER PERSON
RELATED WITHIN THE THIRD DEGREE OF CONSANGUINITY OR AFFINITY.

(H) (I) RELATED ENTITY.

"RELATED ENTITY" MEANS AN AFFILIATE, HOLDING COMPANY, OR
SUBSIDIARY OF A SAVINGS AND LOAN ASSOCIATION.

[(d)] (I) (J) Savings and loan association.

"Savings and loan association" OR "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.

[(e)] (J) (K) Secretary.

"Secretary" means the Secretary of Licensing and Regulation.

(K) (L) SUBSIDIARY.

"SUBSIDIARY" MEANS ANY COMPANY OR OTHER ENTITY WHICH IS
DIRECTLY OR INDIRECTLY CONTROLLED BY ANY OTHER COMPANY, OR OTHER
ENTITY. CONTROLLING PERSON.

[8-102. Legislative policy.

It is the policy of this State that:

(1) The savings and loan business is so integrated
with the financial institutions of this State and is so important
as a method of promoting home ownership and thrift that it is in
the public interest that:

(i) Savings and loan associations be supervised
as a business affecting the economic security and general welfare
of the people of this State; and

(ii) The business and financial stability of
savings and loan associations be promoted and assured; and

1044

Ch. 282