Ch. 213                                    1995 LAWS OF MARYLAND

Article - Corporations and Associations

7-201.

This subtitle does not apply to:

(1)     An insurance company subject to the provisions of Article 48A of the
Code;

(2)     A railroad operating in this State;

(3)     A national bank WITH ITS MAIN OFFICE LOCATED IN THIS STATE; or

(4)     A federal credit union.

Article - Estates and Trusts

1-101.

(a) In the estates of decedents law the following words have the meanings
indicated.

(u) "Trust company" means an institution that is authorized to exercise trust or
fiduciary powers and that:

(1)     Is organized under the laws of this State as a State bank, trust company,
or savings bank; or

(2)     Is organized under the laws of the United States and:
(i) Has its principal office in this State; or

(ii) 1. Has an office in this State that is not its principal office; and

2. Meets the definition of a trust institution under 12 U.S.C. §
1841(c)(2)(D); or

(III) 1. HAS AN OFFICE IN THIS STATE THAT IS NOT ITS
PRINCIPAL OFFICE; AND

2. ACCEPTS DEPOSITS AT ITS OFFICE IN THIS STATE; OR

(3) Is organized under the laws of another state as a bank, trust company, or
savings bank and:

(i) 1. Has an office in this State that is not its principal office;

[(ii)] 2. Meets the definition of a trust institution under 12 U.S.C. §
1841(c)(2)(D); and

[(iii)] 3. Is a direct or indirect subsidiary of a bank holding company
that[:

1. May make an acquisition under Title 5, Subtitle 9, 10. or 11
of the Financial Institutions Article: and

- 1994 -