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§ 6-201. Definitions

MD State Fin & Pro Code § 6-201 (2019) (N/A)
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(a)    In this subtitle the following words have the meanings indicated.

(b)    “Banking institution” means an institution that is incorporated under the laws of the State as a State bank, trust company, or savings bank.

(c)    “Collateral” means collateral that is listed under § 6–202 of this subtitle.

(d)    “Deposit insurance” means insurance by:

(1)    the Federal Deposit Insurance Corporation; or

(2)    the Resolution Trust Corporation created under § 21A of the Federal Home Loan Bank Act (12 U.S.C. § 1441a.).

(e)    “Financial institution” means:

(1)    any banking institution;

(2)    any national banking association;

(3)    an institution that is incorporated under the laws of any other state as a bank; and

(4)    an institution that is incorporated under the laws of this State or of the United States as a savings and loan association.

(f)    “National banking association” means an institution that is incorporated under federal law as a bank.

(g)    “State money” for purposes of §§ 6–209 and 6–210 of this subtitle includes money in a bank account maintained under the control of an employee or official of the clerk of the court or register of wills.

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§ 6-202. Collateral