(a) A savings and loan association may: (1) Act as a depository of funds of: (i) The federal government and its agencies; and (ii) This State and any of its political subdivisions; (2) Pledge collateral to secure deposits; and (3) Comply with the terms required by the depositor. (b) Depositors under this section are general creditors under § 9-329 of this title ('Priority of claims').Maryland Legal Code