Maryland Statutes
§ 9-406
Maryland § 9-406
This text of Maryland § 9-406 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Financial Institutions § 9-406 (2026).
Text
(a)Except as required by subsection (b) of this section, a savings and loan association is not required to pay any dividend or interest on special purpose accounts such as “Christmas” or “vacation” accounts.
(b)A savings and loan association shall pay at least 5 percent annual interest or dividend on savings accounts that are for:
(1)A period of 1 year or less; and
(2)A special purpose, such as “Christmas” or “vacation” accounts.
Free access — add to your briefcase to read the full text and ask questions with AI
Nearby Sections
15
Cite This Page — Counsel Stack
Bluebook (online)
Maryland § 9-406, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gfi/9-406.