Ch. 544                                    LAWS OF MARYLAND

PARTNER IN OR HAVE CONTRIBUTED MORE THAN 25 PERCENT OF THE
CAPITAL OF ANOTHER COMPANY; OR

(III) FOR A PERSON TO BE A TRUSTEE OF A TRUST.

(2) A PERSON SHALL BE DEEMED TO HAVE CONTROL OVER A
SAVINGS AND LOAN ASSOCIATION OR ANY OTHER COMPANY IF THE DIVISION
DIRECTOR DETERMINES, AFTER REASONABLE NOTICE AND OPPORTUNITY FOR
HEARING, THAT SUCH THE PERSON DIRECTLY OR INDIRECTLY EXERCISES A
CONTROLLING INFLUENCE OVER THE MANAGEMENT OR POLICIES OF SUCH THE
SAVINGS AND LOAN ASSOCIATION OR OTHER COMPANY.

(D)  (1) "DEPOSIT" MEANS ANY DEMAND, NEGOTIABLE ORDER OF
WITHDRAWAL, TIME, CERTIFICATE, OR SAVINGS DEPOSIT OR SAVINGS
SHARE ACCOUNT MADE BY AN INDIVIDUAL, CORPORATION, PARTNERSHIP,
STATE OR FEDERAL GOVERNMENTAL UNIT, OR ANY OTHER ORGANIZATION,
WITHOUT REGARD TO THE LOCATION OF THE DEPOSITOR, EXCEPT:

(I)  A DEPOSIT BY A SAVINGS AND LOAN
ASSOCIATION; OR

(II)  A DEPOSIT BY A FOREIGN GOVERNMENT OR
FOREIGN OFFICIAL INSTITUTION.

(2) THE AMOUNT OF DEPOSITS SHALL BE DETERMINED BY
REFERENCE TO REGULATORY REPORTS MADE BY OR TO STATE OR FEDERAL
REGULATORY AUTHORITIES.

(E)  (1) "DEPOSIT-TAKING OFFICE" MEANS ANY SAVINGS AND LOAN
ASSOCIATION, BRANCH OF A SAVINGS AND LOAN ASSOCIATION, OR ANY
OTHER FIXED LOCATION WHERE A SAVINGS AND LOAN ASSOCIATION ACCEPTS
DEPOSITS.

(2) "DEPOSIT-TAKING OFFICE" DOES NOT INCLUDE:

(I)  AN UNMANNED AUTOMATIC TELLER MACHINE, POINT
OF SALE TERMINAL, OR OTHER SIMILAR UNMANNED ELECTRONIC BANKING
FACILITY AT WHICH DEPOSITS MAY BE ACCEPTED;

(II)  A FIXED LOCATION ESTABLISHED FOR THE
PURPOSES OF LOAN PRODUCTION OR REPRESENTATION;

(III) ANY OTHER FIXED LOCATION WHERE DEPOSITS
ARE NOT ACCEPTED; OR                                                                                       

(IV) A FIXED LOCATION OUTSIDE THE UNITED
STATES.

(F)  "INTERSTATE ASSOCIATION" MEANS AN OUT-OF-STATE
ASSOCIATION:

(1) THAT IS NOT CHARTERED UNDER THE LAWS OF THE
UNITED STATES; AND

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