Ch. 213                                    1995 LAWS OF MARYLAND

[(j)] (K) "Mail" means to deposit in the United States mail, postage prepaid.

[(k)](L) "Mortgage" includes a deed of trust that secures a debt or the
performance of an obligation.

[(l)] (M) "Municipal area" means a municipal corporation or an unincorporated
city, town, or village.

[(m)] (N)"National banking association" means an institution that is incorporated
under federal law as a bank.

(O) "OTHER-STATE BANK" MEANS A BANK CHARTERED AND PRIMARILY
REGULATED BY ANOTHER STATE.

[(n)](P) "Person" means an individual, receiver, trustee, guardian, personal
representative, fiduciary, or representative of any kind and any partnership, firm,
association, corporation, or other entity.

[(o)](Q) "Political subdivision" means:

(1)     A county or municipal corporation of this State; and

(2)     Unless the context requires otherwise, a special taxing district of this
State.

[(p)](R) "Real property" includes any interest in real property.

1-204.

(b) (6) "Depository institution" means . any Stale-chartered or federally
chartered financial institution, OTHER-STATE BANK, OR FOREIGN BANK THAT:

(I)      [located] IS LOCATED in this State OR MAINTAINS A BRANCH IN
THIS STATE; AND

(II)     [that is] IS authorized to maintain accounts.
1-301.

(b) "Fiduciary institution" means:

(1)     A national banking association;

(2)     A State banking institution;

(3)     AN OTHER-STATE BANK THAT MAINTAINS A BRANCH IN THIS STATE;

[(3)] (4) A credit union that is organized under the laws of this State or of
the United States;

[(4)](5) Any other organization that is organized under the banking laws of
this State and subject to the supervision of the Bank Commissioner; or

[(5)](6) A savings and loan association that is organized under the laws of
this State or of the United States.

- 1996 -