Md. Code, Financial Institutions § 5-1005
This is the official text of Md. Code, Financial Institutions § 5-1005, part of Maryland’s Code, Financial Institutions — regulates banks and lenders.
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§5–1005.
Official statutory text
(a) Except as provided in subsection (b) of this section, a banking institution that proposes to establish a branch in this State or in another state shall:
(1) File with the Commissioner, at least 30 days before the intended opening date, a notice of intention to open a branch; and
(2) Submit to the Commissioner any information the Commissioner requires in order to evaluate the proposed branch.
(b) A well–capitalized banking institution with a composite CAMELS rating of one or two may establish a branch in this State by filing with the Commissioner an expedited notice, in the form that the Commissioner requires, at least 30 days before the intended opening date.
(1) File with the Commissioner, at least 30 days before the intended opening date, a notice of intention to open a branch; and
(2) Submit to the Commissioner any information the Commissioner requires in order to evaluate the proposed branch.
(b) A well–capitalized banking institution with a composite CAMELS rating of one or two may establish a branch in this State by filing with the Commissioner an expedited notice, in the form that the Commissioner requires, at least 30 days before the intended opening date.
Status: in_force · Read it on the official government site
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