Maryland Financial Institutions Section 5-1007

Article - Financial Institutions

§ 5-1007.

      (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.



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