Ch. 11                        LAWS OF MARYLAND

(e) (2) If the Division Director approves a proposed
acquisition that may result in a change of control of the
association or entity, the Division Director may impose
conditions to be observed after the acquisition with respect to:

(i) Transactions between the association
involved and the applicant or affiliate of the applicant;

(ii) Dividends or distributions by the
association; or

(iii) Other matters as the Division Director
considers advisable on the basis of the purposes of [Titles 8 and
9] THIS TITLE AND TITLE 8 of this article.

DRAFTER'S NOTE: This corrects stylistic errors in
cross-references in § 9-216(e)(2) of the Financial
Institutions Article.

The stylistic errors occurred in Ch. 282 of the Acts
of 1986.

The stylistic errors were noted by the Michie Company.

9-216.1.

(b) (2) (ii) Any paid-in surplus amounts that are allocated
to the expense fund under [item (2)(i)] PARAGRAPH (2)(I) of this
subsection may not be used for dividends to holders of capital
stock or any other distribution to holders of capital stock
except on liquidation.

DRAFTER'S NOTE: This corrects a stylistic error in an
internal reference in § 9-216.1(b)(2)(ii) of the
Financial Institution Article.

The stylistic error occurred in Ch. 856 of the Acts of
1980.

The stylistic error was noted by the Michie Company.
9-217.                                                                                      

The chairman of the incorporators shall deliver to the
Division Director a bond issued by a surety company that is
qualified to do business in this State. The bond shall:

(4) Guarantee the safekeeping of the amounts
collected in the initial accounts:

(i) For delivery to the savings and loan
association if a certificate of incorporation is issued; or

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