HARRY HUGHES, Governor

115

consider relevant or that the General Assembly may request[.];

(xii) number of applications submitted,
approved and denied[.]; AND

DRAFTER'S NOTE: This corrects erroneous punctuation and a
misplaced conjunction in § 5-1007(d)(2)(x), (xi), and
(xii) of the Financial Institutions Article.

The erroneous punctuation and misplaced conjunction
was contained in Ch. 113 of the Acts of the Regular
Session of the General Assembly of 1985. Although
Michie Company corrected the errors in the 1985
Supplement to the Financial Institutions Article, the
errors must be corrected legislatively.

The errors in punctuation and the misplaced
conjunction were noted by the Michie Company.

7-104.

(h) The Corporation may invest any of its funds in:

(1) Cash or deposits in checking or savings accounts
with or certificates of deposit of:

(ii) Any savings and loan association that is a
member of the Federal Savings and Loan Insurance Corporation, the
[Maryland Savings-Share Insurance Corporation] STATE OF MARYLAND
DEPOSIT INSURANCE FUND CORPORATION, or a similar insurance
program;

DRAFTER'S NOTE: This amends § 7-104(h)(1)(ii) of the
Financial Institutions Article to replace an obsolete
reference to the Maryland Savings-Share Insurance
Corporation (MSSIC) with a reference to its successor,
the State of Maryland Deposit Insurance Fund
Corporation (MDIF).

Ch. 6 of the Acts of the First Special Session of the
General Assembly of 1985 eliminated the MSSIC and
replaced it with the MDIF.

The obsolete reference was noted by the professional
staff of the Legislative Division of the Department of
Legislative Reference.

8-202.

(a) (2) Of the board members:

(i) Three shall be industry members who for at
least 5 years immediately before appointment have been officers
or directors of or attorneys for Maryland savings and loan
associations insured by the Maryland Savings-Share insurance