1068                                          LAWS OF MARYLAND                                      Ch. 282

"Savings deposit account" means a savings account that:

(1)  Is a liability of a deposit association to the
extent of its withdrawal value; and

(2)  Is not a share interest in a savings and loan
association.

(o) (P) Savings liability.

"Savings liability" means the aggregate amount of savings
accounts of savings account holders, including earnings credited
to the accounts.

(P) (Q) SECRETARY.

"SECRETARY" HAS THE MEANING STATED IN § 8-101 OF THIS
ARTICLE.

[(P)] (Q) (R) Statutory merger.

"Statutory merger" means the transfer of all or
substantially all of the assets of a corporation which transfer

is:

(1)  Subject to all or substantially all of the
liabilities of the transferor; and

(2)  Followed by the dissolution of the transferor
corporation.

(S) UNSECURED DAYS FUNDS.                                                     

"UNSECURED DAYS FUNDS" HAS THE MEANING STATED IN THE RULES
AND REGULATIONS OF THE FEDERAL HOME LOAN BANK BOARD THAT APPLY TO
SAVINGS ASSOCIATIONS INSURED BY THE FEDERAL SAVINGS AND LOAN
INSURANCE CORPORATION.

9-102. General prohibition.

(a)  Compliance required.

Only a corporation that complies with this title AND § 1-201
OF THIS ARTICLE may conduct the business of a savings and loan
association or do business under any name or make any
representation that implies that it is a savings and loan
association.

(b)  Remedies[; penalties],

[(1)] On application by the Division Director, [with
the approval of the Board of Commissioners,] a court of competent
jurisdiction may issue an injunction to restrain any person from
violating this section.