§ 9-315
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/md/financial-institutions/9-315A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§9–315.
(a)The holder of a savings deposit account in a savings and loan association has the same claim priority in any distribution of assets on liquidation as a general creditor of the deposit association to the extent of the deposit account’s withdrawal value.
(b)In addition to subsection
(a)of this section, the holder of a savings deposit account has the same rights as the owner of a savings share account, including any membership or voting rights and the right to share in any distribution of remaining assets on liquidation.