Md. Code, SF§ 6-201

Current with changes from the 2024 Legislative Session effective on or before 7/1/2024, from Chs.. 2 through 1049
Section 6-201 - Definitions
(a) In this subtitle the following words have the meanings indicated.
(b) "Banking institution" means an institution that is incorporated under the laws of the State as a State bank, trust company, or savings bank.
(c) "Collateral" means collateral that is listed under § 6-202 of this subtitle.
(d) "Deposit insurance" means insurance by:
(1) the Federal Deposit Insurance Corporation; or
(2) the Resolution Trust Corporation created under § 21A of the Federal Home Loan Bank Act (12 U.S.C. § 1441a.).
(e) "Financial institution" means:
(1) any banking institution;
(2) any national banking association;
(3) an institution that is incorporated under the laws of any other state as a bank; or
(4) an institution that is incorporated under the laws of this State or of the United States as a savings and loan association.
(f) "National banking association" means an institution that is incorporated under federal law as a bank.
(g) "State money" for purposes of §§ 6-209 and 6-210 of this subtitle includes money in a bank account maintained under the control of an employee or official of the clerk of the court or register of wills.

Md. Code, SF§ 6-201

Amended by 2023 Md. Laws, Ch. 255, Sec. 5, eff. 5/3/2023.
Amended by 2023 Md. Laws, Ch. 254, Sec. 5, eff. 5/3/2023.