WILLIAM DONALD SCHAEFER, Governor                    Ch. 544

(2) THAT HAS DEPOSIT-TAKING OFFICES IN MARYLAND.
(G) (1) "MARYLAND ASSOCIATION" MEANS:

(I)  A SAVINGS AND LOAN ASSOCIATION ORGANIZED
UNDER THIS TITLE; OR

(II)  A SAVINGS AND LOAN ASSOCIATION OR SAVINGS
BANK ORGANIZED UNDER THE LAWS OF THE UNITED STATES OR OF ANOTHER
STATE THAT HAS MORE THAN 80 PERCENT OF THE TOTAL DEPOSITS OF ITS
DEPOSIT-TAKING OFFICES HELD BY DEPOSIT-TAKING OFFICES LOCATED IN
MARYLAND.

(2) "MARYLAND ASSOCIATION" DOES NOT INCLUDE ANY
SAVINGS AND LOAN ASSOCIATION ACQUIRED UNDER TITLE 5, SUBTITLE 11
OF THIS ARTICLE.

(H) "MARYLAND SAVINGS AND LOAN HOLDING COMPANY" MEANS A
SAVINGS AND LOAN HOLDING COMPANY:

(1)  THAT HAS ITS PRINCIPAL PLACE OF BUSINESS IN THIS
STATE;

(2)  THAT HAS MORE THAN 80 PERCENT OF THE TOTAL
DEPOSITS OF SAVINGS AND LOAN ASSOCIATION SUBSIDIARIES HELD BY
SAVINGS AND LOAN ASSOCIATION SUBSIDIARIES, OTHER THAN SAVINGS AND
LOAN ASSOCIATION SUBSIDIARIES ACQUIRED BY IT IN ACCORDANCE WITH §
9-1005(B)(2) OF THIS SUBTITLE, LOCATED WITHIN THE REGION; AND

(3)  THAT IS NOT CONTROLLED BY A SAVINGS AND LOAN
HOLDING COMPANY OTHER THAN A MARYLAND SAVINGS AND LOAN HOLDING
COMPANY.

(I) "OUT-OF-STATE ASSOCIATION" MEANS A SAVINGS AND LOAN
ASSOCIATION OTHER THAN A MARYLAND ASSOCIATION:

(1)  THAT HAS ITS PRINCIPAL PLACE OF BUSINESS IN A
JURISDICTION WITHIN THE REGION THAT ALLOWS ACQUISITION ON A
RECIPROCAL BASIS;

(2)  THAT HAS MORE THAN 80 PERCENT OF THE TOTAL
DEPOSITS OF ITS DEPOSIT-TAKING OFFICES HELD BY DEPOSIT-TAKING
OFFICES LOCATED WITHIN THE REGION EXCLUDING FOR PURPOSES OF
APPLYING THIS 80 PERCENT REQUIREMENT DEPOSITS IN DEPOSIT-TAKING
OFFICES ACQUIRED BY IT IN ACCORDANCE WITH § 9-1005(B)(2) OF THIS
SUBTITLE; AND

(3)  THAT IS NOT CONTROLLED BY A SAVINGS AND LOAN
HOLDING COMPANY OTHER THAN AN OUT-OF-STATE SAVINGS AND LOAN
HOLDING COMPANY.

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