Md. Code, Financial Institutions § 5-613
This is the official text of Md. Code, Financial Institutions § 5-613, part of Maryland’s Code, Financial Institutions — regulates banks and lenders.
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§5–613.
Official statutory text
With the consent of the local governing body of any political subdivision that has money deposited with a banking institution, its treasurer or similar fiscal officer may:
(1) Consent to a plan of reorganization proposed under this subtitle; and
(2) Bind the political subdivision to limit withdrawals from the institution as provided in the plan.
(1) Consent to a plan of reorganization proposed under this subtitle; and
(2) Bind the political subdivision to limit withdrawals from the institution as provided in the plan.
Status: in_force · Read it on the official government site
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