HARRY HUGHES, Governor

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(B) ADDRESS.

"ADDRESS" MEANS POST OFFICE ADDRESS, INCLUDING, IF
APPLICABLE, STREET AND NUMBER, MUNICIPAL AREA OR COUNTY,
STATE, AND, IF OUTSIDE OF THE UNITED STATES, COUNTRY.

REVISOR'S NOTE: This subsection is new language added
to provide a standard meaning of the term
"address". It is patterned after the similar
definition in CA § 1-101(b).

The terms "county" and "municipal area" are
defined in subsections (g) and (1) of this
section, respectively.

(C)   ANY STATE.
"ANY STATE" MEANS:

(1)   ANY STATE, POSSESSION, OR TERRITORY OF THE
UNITED STATES;                                                 

(2)   THE DISTRICT OF COLUMBIA; OR

(3)   THE COMMONWEALTH OF PUERTO RICO.

REVISOR'S NOTE; This subsection is new language added
to avoid repetitive use in this article of
phrases such as "state, possession, or territory
of the United States" and to standardize similar
references throughout this article.

The term "any state" is used to distinguish it
from references to "this State" or "the State",
meaning only the State of Maryland.

(D)   BANKING INSTITUTION.

"BANKING INSTITUTION" MEANS AN INSTITUTION THAT IS
INCORPORATED UNDER THE LAWS OF THIS STATE AS A STATE BANK,
TRUST COMPANY, OR SAVINGS BANK.

REVISOR'S NOTE: This subsection is new language derived
without substantive change from Art. 11, § 63
and CA § 6-101(b)(1).

The phrase "incorporated under the laws of this
State" is new language added for clarity and
emphasis. Note that, under Title 12, Subtitle 2
of this article, foreign banks, other than
certain national banking associations, are
prohibited from doing banking or trust business
in this State.

The present provisions that exclude "building and
loan associations" and "savings and loan
association{s}" from the term "banking