# COMAR 02.02.04.08: COMAR 02.02.04.08. Bank Securities

> Maryland · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_04_08

## Section

- **Citation:** COMAR 02.02.04.08
- **Heading:** COMAR 02.02.04.08. Bank Securities
- **Jurisdiction:** Maryland
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** 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

## Text

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.

## Nearby sections

- [COMAR 02.02.04.01 COMAR 02.02.04.01. Requirements for Compliance with Not-for-Profit Exemption](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_04_01.md)
- [COMAR 02.02.04.02 COMAR 02.02.04.02. Employee Benefit Plans](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_04_02.md)
- [COMAR 02.02.04.03 COMAR 02.02.04.03. Existing Security Holder Exemption](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_04_03.md)
- [COMAR 02.02.04.04 COMAR 02.02.04.04. Designated Institutional Investor](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_04_04.md)
- [COMAR 02.02.04.05 COMAR 02.02.04.05. Recognized Securities Manuals](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_04_05.md)
- [COMAR 02.02.04.06 COMAR 02.02.04.06. Designated Exchange Exemption](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_04_06.md)
- [COMAR 02.02.04.07 COMAR 02.02.04.07. Designated Clearing Agency Exemption](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_04_07.md)
- [COMAR 02.02.04.08 COMAR 02.02.04.08. Bank Securities](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_04_08.md)
- [COMAR 02.02.04.09 COMAR 02.02.04.09. Maryland Limited Offering Exemption (MLOE): Scope and Definitions](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_04_09.md)
- [COMAR 02.02.04.10 COMAR 02.02.04.10. MLOE: Generally Applicable Conditions](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_04_10.md)
- [COMAR 02.02.04.11 COMAR 02.02.04.11. MLOE: Local Issuer Exemption](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_04_11.md)
- [COMAR 02.02.04.12 COMAR 02.02.04.12. MLOE: General Transactional Exemption](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_04_12.md)
- [COMAR 02.02.04.13 COMAR 02.02.04.13. MLOE: Insignificant Deviations](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_04_13.md)
- [COMAR 02.02.04.14 COMAR 02.02.04.14. Exemption from the Maryland Securities Act, Corporations and Associations Article, §11-601(16), Annotated Code of Maryland, for Certain Securities](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_04_14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_04_08. Check the current official text before relying on it. Not legal advice.