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118 LAWS OF MARYLAND Ch. 5
(11) Deposits in any other financial institution,
provided each deposit is insured by one of the following:
(i) The [Maryland Savings-Share Insurance
Corporation] STATE OF MARYLAND DEPOSIT INSURANCE FUND
CORPORATION;
(12) Securities, obligations, or other instruments,
including participations, of:
(iv) The [Maryland Savings-Share Insurance
Corporation] STATE OF MARYLAND DEPOSIT INSURANCE FUND
CORPORATION;
9-426.
A savings and loan association shall become and participate
as a member in the [Maryland Savings-Share Insurance Corporation]
STATE OF MARYLAND DEPOSIT INSURANCE FUND CORPORATION or a federal
home loan bank.
9-502.
(d) (3) The Division Director may accept any appraisal
caused to be made by the Federal Home Loan Bank, the Federal Home
Loan Bank Board, the Federal Savings and Loan Insurance
Corporation, or by the [Maryland Savings-Share Insurance
Corporation] STATE OF MARYLAND DEPOSIT INSURANCE FUND
CORPORATION.
9-504.
(d) This section does not apply to a proper exchange of
information about a savings and loan association and its business
that is exchanged between the Division Director and the [Maryland
Savings-Share Insurance Corporation] STATE OF MARYLAND DEPOSIT
INSURANCE FUND CORPORATION, the Federal Home Loan Bank Board, the
Federal Savings and Loan Insurance Corporation, or any similar
agency that regulates or insures the business of savings and loan
associations.
DRAFTER'S NOTE: These corrections amend §§ 9-320(2),
9-322(6), 9-323(c)(2), 9-419(a)(11)(i) and (12)(iv),
9-426, 9-502(d)(3), and 9-504(d) of the Financial
Institutions Article to replace obsolete references to
The Maryland Savings-Share Insurance Corporation
(MSSIC) with references 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 references were noted by the professional
staff of the Legislative Division of the Department of
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