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2013 Maryland Code
FINANCIAL INSTITUTIONS
§ 5-613 - Plan of reorganization -- Consent of political subdivisions


MD Fin Inst Code § 5-613 (2013) What's This?

§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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