The name of a savings and loan association:
(1) Need not indicate that it is a corporation;
(2) Shall contain one of the following phrases or any combination of the words:
(i) “Savings association”;
(ii) “Building association”;
(iii) “Savings and loan association”; or
(iv) “Building and loan association”;
(3) May not be similar in any material or misleading respect to the name of any other State or federal savings and loan association, except that a savings and loan association in operation before July 1, 1980 may continue to operate under its existing name; and
(4) May not include the words “commercial”, “federal”, “government”, “guaranteed”, “insured”, “Maryland”, “national”, “trust”, “trustee”, or “United States”, except that a savings and loan association in operation before July 1, 1986 may continue to operate under its existing name.
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