Md. Code Ann., Tax-Gen. § 8-101 — § 8-101

(a) In this title the following words have the meanings indicated.
(b) “Company” means an association, corporation, or joint-stock company.
(c) (1) “Financial institution” means:
(i) a credit company;
(ii) except as provided in paragraph (2)(i) of this subsection, a finance company;
(iii) an international banking facility;
(iv) a loan company;
(v) a mortgage company;
(vi) a safe-deposit company; and
(vii) a savings and loan association.
(2) “Financial institution” does not include:
(i) a finance company that makes loans only to farmers for agricultural purposes;
(ii) a company licensed under the federal Small Business Investment Act of 1958;
(iii) a corporation that elects to be taxed as a small business corporation under Subchapter S of the Internal Revenue Code;
(iv) an entity that is a real estate mortgage investment conduit as defined in the Internal Revenue Code;
(v) a limited liability company; or
(vi) a commercial bank, savings bank, trust company, or company that substantially competes with national banks in the State.
(d) “Savings and loan association” means:
(1) a savings and loan association that:
(i) is organized under the laws of this State;
(ii) is organized under the laws of another state and is admitted to do business in this State; or
(iii) is organized under the laws of the United States and has an office in this State; or
(2) a savings bank chartered by the Federal Home Loan Bank Board.
(e) (1) “Savings bank” means a company or other institution that is organized to receive deposits of money and pay interest on the deposits.
(2) “Savings bank” does not include a bank with capital stock.