Md. Code, Financial Institutions § 5-1007

This is the official text of Md. Code, Financial Institutions § 5-1007, part of Maryland’s Code, Financial Institutions — regulates banks and lenders.

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§5–1007.

Official statutory text

(a) The Commissioner shall decide whether to approve the establishment of a branch of a banking institution within 30 days of receipt of the notice specified in § 5-1005 of this subtitle.

(b) A branch shall be deemed approved if the Commissioner takes no action on the notice within the time limit specified in this section.

Status: in_force · Read it on the official government site

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