Maryland Statutes
§ 9-407
Maryland § 9-407
This text of Maryland § 9-407 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 § 9-407 (2026).
Text
(a)As to any savings account that has a withdrawal value of less than $25, a savings and loan association:
(1)Need not pay a dividend or interest on the account; and
(2)May not charge a penalty or service charge.
(b)This section does not apply to a negotiable or transferable order of withdrawal account.
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Bluebook (online)
Maryland § 9-407, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gfi/9-407.