§9–1101.

In this subtitle, “mutual association” means an association that: (1) Is a corporation chartered under the laws of the State as a savings and loan association that does not have the authority to issue capital stock; (2) Is insured by the State of Maryland Deposit Insurance Corporation; and (3) Has assets of $15,000,000 or less or had total assets of less than $15,000,000 as of May 18, 1985.