MARVIN MANDEL, Governor

2323

(4) the estimated annual expense thereof, and (5) the
mode of payment therefor, [Such] THE application shall
be approved by the director if he finds that the proposed
establishment, maintenance or relocation of a branch
office, OR RELOCATION OF A PRINCIPAL OFFICE, will promote
the public interest, convenience and advantage and
[whether] IF such branch office OR PRINCIPAL OFFICE will
be efficiently operated in accordance with the policy of
this subtitle. The Director shall publish the fact that
[such] an application has been filed for at least two
[ (2) ] successive weeks after filing in a newspaper of
general circulation in the city, town or county in which
the proposed branch office, OR THE PROPOSED PRINCIPAL
OFFICE, is to be located, and shall give such other
notice as may be desirable. Any financial institution in
the area in which a branch office is proposed to be
located, OR A PRINCIPAL OFFICE IS TO BE RELOCATED, shall
have the right to protest the proposed approval to the
[Board) DIRECTOR and shall have the right to be heard on
such protest.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1975.

Approved April 22, 1975.

CHAPTER 413
(House Bill 147)

AN ACT concerning

[[Banks and Trust Companies]"] Savings
Institutions — Fees

FOR the purpose of increasing the fee charged by the Bank
Commissioner for the filing of articles of
incorporation and the fee charged for new branch
office applications by certain savings institutions.

BY repealing and re—enacting, with amendments,

Article — Corporations and Associations
Section 6—104(d)
Annotated Code of Maryland

(As enacted by Chapter ______ (SB[[/HB]] ______)

of the Acts of the General Assembly of 1975)