Ch. 544

LAWS OF MARYLAND

(J) "OUT-OF-STATE SAVINGS AND LOAN HOLDING COMPANY" MEANS A
SAVINGS AND LOAN HOLDING COMPANY OTHER THAN A MARYLAND SAVINGS
AND LOAN HOLDING COMPANY:

(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 SAVINGS AND LOAN ASSOCIATION SUBSIDIARIES HELD BY
SAVINGS AND LOAN ASSOCIATION SUBSIDIARIES LOCATED WITHIN THE
REGION EXCLUDING FOR PURPOSES OF APPLYING THIS 80 PERCENT
REQUIREMENT DEPOSITS IN SAVINGS AND LOAN ASSOCIATION SUBSIDIARIES
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.

(K) "PRINCIPAL PLACE OF BUSINESS":

(1)  OF A SAVINGS AND LOAN ASSOCIATION, MEANS THE
JURISDICTION IN WHICH THE TOTAL DEPOSITS OF THE SAVINGS AND LOAN
ASSOCIATION ARE THE GREATEST; AND

(2)  OF A SAVINGS AND LOAN HOLDING COMPANY, MEANS THE
JURISDICTION IN WHICH THE TOTAL DEPOSITS OF SAVINGS AND LOAN
ASSOCIATION SUBSIDIARIES OF THE SAVINGS AND LOAN HOLDING COMPANY
ARE THE GREATEST.

(L) "RECIPROCAL BASIS" MEANS THAT, IN CONJUNCTION WITH THE
LAWS OF THIS STATE:

(1)  THE LAWS OF THE JURISDICTION WHERE THE
OUT-OF-STATE ASSOCIATION OR OUT-OF-STATE SAVINGS AND LOAN HOLDING
COMPANY HAS ITS PRINCIPAL PLACE OF BUSINESS PERMIT MARYLAND
ASSOCIATIONS AND MARYLAND SAVINGS AND LOAN HOLDING COMPANIES TO
ACQUIRE SAVINGS AND LOAN ASSOCIATIONS AND SAVINGS AND LOAN
HOLDING COMPANIES IN THAT JURISDICTION; AND

(2)  THE LAWS OF THE JURISDICTION WHERE THE
OUT-OF-STATE ASSOCIATION OR OUT-OF-STATE SAVINGS AND LOAN HOLDING
COMPANY HAS ITS PRINCIPAL PLACE OF BUSINESS PERMIT THE
OUT-OF-STATE ASSOCIATION OR OUT-OF-STATE SAVINGS AND LOAN HOLDING
COMPANY TO BE ACQUIRED BY THE MARYLAND ASSOCIATION OR MARYLAND
SAVINGS AND LOAN HOLDING COMPANY SOUGHT TO BE ACQUIRED.

(M) "REGION" MEANS THE STATES OF ALABAMA, ARKANSAS,
DELAWARE, FLORIDA, GEORGIA, KENTUCKY, LOUISIANA, MARYLAND,
MISSISSIPPI, NORTH CAROLINA, PENNSYLVANIA, SOUTH CAROLINA,
TENNESSEE, VIRGINIA, AND WEST VIRGINIA, AND THE DISTRICT OF
COLUMBIA.

- 2470 -