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Section 9-916 - Indemnification Prohibition — Maryland Law | CourtGPT
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  7. Section 9-916 - Indemnification Prohibition
Maryland Legal Code

Section 9-916 - Indemnification Prohibition

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Notwithstanding any provision of law, a savings and loan association, holding company, or subsidiary may not indemnify any person who is fined under any criminal penalty provision of this title or Title 8 of this article or subject to any civil penalty under this title or Title 8 of this article.