Maryland Financial Institutions Section 6-807

      (a)      A credit union may establish a branch in the State in accordance with the provisions of this section.

      (b)      (1)      A credit union that proposes to establish a branch in the State shall:

                  (i)      File with the Commissioner, at least 30 days before the intended opening date, a notice of intention to open a branch;

                  (ii)      Submit to the Commissioner any information the Commissioner requires in order to evaluate the proposed branch; and

                  (iii)      Pay to the Commissioner a branch fee of $100.

            (2)      The branch fee may not apply to a branch that is acquired by a credit union through a merger or consolidation with, or transfer to the credit union of all or substantially all of the assets of, a credit union.

      (c)      In deciding whether to approve the establishment of a branch, the Commissioner shall consider whether:

            (1)      The establishment of the branch will promote the convenience of the members of the credit union;

            (2)      The applicant has sufficient net worth to support the branch; and

            (3)      The applicant generally is operating in compliance with the provisions of this title.

      (d)      (1)      The Commissioner shall decide whether to approve the establishment of a branch within 30 days of receipt of the notice specified in subsection (b)(1) of this section.

            (2)      The establishment of a branch shall be deemed approved if the Commissioner takes no action on the notice within the time limit specified in this subsection.