WILLIAM DONALD SCHAEFER, Governor

Ch. 6

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.

(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] 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.

DRAFTER'S NOTE:

Error: Punctuation omitted in § 9-1001(i) and (j) of
the Financial Institutions Article.

Occurred: Ch. 544, Acts of 1987.

9-1003.

(a) (1) An out-of-state savings and loan holding company
not having a Maryland association subsidiary is authorized to
acquire a Maryland association, a Maryland savings and loan
holding company, an interstate association, or an out-of-state
savings and loan holding company having a Maryland association
subsidiary, if the out-of-state savings and loan holding company
and entity being acquired:

(i) Comply with all applicable provisions of §
9-216 of this [article] TITLE;

(ii) Comply with all applicable provisions of
Title 3, Subtitle 6 of the Corporations and Associations Article;

(iii) File an application for approval with the
Division Director containing information the Division Director

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