COMAR 02.02.04.08. Bank Securities

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Code of Maryland Regulations › Title 02 OFFICE OF THE ATTORNEY GENERAL › Subtitle 02 DIVISION OF SECURITIES › Chapter 04 Exemption from Registration Regulations › COMAR 02.02.04.08

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

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A. Federal Savings Banks. For purposes of the Maryland Securities Act, Corporations and Associations Article, §11-601(3), Annotated Code of Maryland , the term “bank” includes a savings bank organized under the laws of the United States.

B. Exclusions. For purposes of the Maryland Securities Act, Corporations and Associations Article, §11-601(3), Annotated Code of Maryland , the terms “bank”, “savings institution”, and “trust company” do not include a bank, savings institution, or trust company that:

(1) Has not received its permanent charter or final approval to operate from the governmental agency to which application is made or that regulates the entity;

(2) Has received a conditional approval to operate for the purpose of raising capital or meeting other regulatory requirements;

(3) Has its charter revoked; or

(4) Is on any form of conditional status.

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