Maryland Financial Institutions Section 5-613

Article - Financial Institutions

§ 5-613.

      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.



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