Section 9-425 - Depository(a) A savings and loan association may: (1) Act as a depository of funds of: (i) The federal government and its agencies; and(ii) This State and any of its political subdivisions;(2) Pledge collateral to secure deposits; and(3) Comply with the terms required by the depositor.(b) Depositors under this section are general creditors under § 9-329 of this title ("Priority of claims").