1374                                          LAWS OF MARYLAND                                      Ch. 355

and any controlling person, director, officer, agent, or
employee of the banking institution, its mutual holding
company or related entity in the course of an examination;
and generally relating to the formation and operation of
savings bank mutual holding companies.

BY repealing

Article - Financial Institutions

Section 4-101

Annotated Code of Maryland

(1980 Volume and 1985 Supplement)

BY repealing and reenacting, with amendments,

Article - Financial Institutions

Section 4-401, 4-402, 4-505, 4-508, and 5-511

Annotated Code of Maryland

(1980 Volume and 1985 Supplement)

BY adding to

Article - Financial Institutions

Section 4-101; 4-801 through 4-894 4-807, inclusive, to be
under the new subtitle "Subtitle 8. Mutual Holding
Companies"; 4-901 through 4-910, inclusive, to be
under the new subtitle "Subtitle 9. Subsidiary
Savings Banks"; and 5-210

Annotated Code of Maryland

(1980 Volume and 1985 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Financial Institutions

[4-101.

In this title, "savings bank" means an institution that;

(1) Is incorporated under the laws of this State as a
savings bank; and

(2) Engaged only in the business of savings banking.]
4-101.

(A) IN THIS TITLE, THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.

(B)  (1) "SAVINGS BANK" MEANS AN INSTITUTION THAT: