4050

VETOES

(4) IN RESPONSE TO EXIGENT CIRCUMSTANCES MAKING THE
ACQUISITION NECESSARY TO MAINTAIN THE VIABILITY OR PREVENT THE
PROBABLE FAILURE OF THE SAVINGS AND LOAN ASSOCIATION TO BE
ACQUIRED.

4-804.

(A) A SUBSIDIARY SAVINGS BANK MAY EXERCISE ANY AND ALL
POWERS, RIGHT, AND PRIVILEGES GRANTED TO SAVINGS BANKS UNDER THE
LAWS OF THIS STATE.

(B) UNLESS OTHERWISE SPECIFICALLY PROVIDED IN THIS SECTION,
ANY REFERENCE TO "SAVINGS BANK" IN ANY OTHER LAW OF THIS STATE
SHALL BE APPLICABLE TO A SUBSIDIARY SAVINGS BANK.

5-210.

AN EXAMINER SHALL HAVE ACCESS TO ALL THE RECORDS OF A
BANKING INSTITUTION, ITS HOLDING COMPANY, OR OTHER RELATED ENTITY
INCLUDING THE RECORDS OF ANY CONTROLLING PERSON, DIRECTOR,
OFFICER, AGENT, OR EMPLOYEE OF THE BANKING INSTITUTION, ITS
HOLDING COMPANY, OR OTHER RELATED ENTITY THAT RELATE TO THE
BUSINESS OF THE BANKING INSTITUTION, ITS HOLDING COMPANY, OR
OTHER RELATED ENTITY.

5-511.

(a) Banking institutions may not have common directors
unless the Bank Commissioner finds that a common directorship is
in the public interest and not detrimental to either banking
institution.

(b)(1) An individual who now is a director of more than
one banking institu may complete the term of office of each
directorship and may be reelected to each directorship.

(2) THIS SECTION DOES NOT PROHIBIT ANY PERSON FROM
BEING AN OFFICER, EMPLOYEE, DIRECTOR, OR TRUSTEE OF A HOLDING
COMPANY AND ITS SUBSIDIARY SAVINGS BANK, AS DEFINED IN TITLE 4 OF
THIS ARTICLE OR OF 2 OR MORE SAVINGS BANKS, FEDERAL SAVINGS
BANKS, OR FEDERAL OR STATE SAVINGS AND LOAN ASSOCIATIONS, A
MAJORITY OF THE ORDINARILY VOTING SHARES OF WHICH ARE OWNED BY
THE SAME HOLDING COMPANY.

4-402.

(A) The bylaws of a savings bank shall provide for annual
meetings of the members to:

(1) Elect directors;

(2) Elect members, unless the charter of the savings
bank provides for a different method of electing members; and

(3) Transact other business.