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Section 8-413 - Minimum Capital — Maryland Law | CourtGPT
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  8. Section 8-413 - Minimum Capital
Maryland Legal Code

Section 8-413 - Minimum Capital

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(a) Each society that applies on or after July 1, 1968, for an initial certificate of authority under this subtitle must have working capital of at least $125,000. (b) After issuance of its initial certificate of authority, a society described in subsection (a) of this section shall maintain unencumbered assets that exceed all liabilities by $100,000.