HARRY HUGHES, Governor

1443

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland

(as enacted by Chapter ____ (H.B. 1) of the Acts of the

General Assembly of 1980) be repealed, amended, or enacted
to read as follows:

Article 41 - Governor - Executive and Administrative

Departments

15B-2.

(c) If an emergency exists as to a banking institution
OR CREDIT UNION, the Governor:

(1) May proclaim a day on which the banking
institution OR CREDIT UNION may remain closed; and

(2) Shall limit the proclamation to the

principal [banking] office and branch offices of the banking
institution OR CREDIT UNION that the emergency affects.

Article - Financial Institutions

6-607.

THE PROVISIONS OF TITLE 5, SUBTITLE 7 OF THIS ARTICLE
RELATING TO BANK HOLIDAYS ARE MADE APPLICABLE TO CREDIT
UNIONS TO THE SAME EXTENT AS IF THE PROVISIONS WERE FULLY
SET FORTH IN THIS SUBTITLE. A CREDIT UNION SHALL POST ITS
HOURS OF OPERATION PROMINENTLY IN ITS OFFICE. EACH CREDIT
UNION SHALL BE OPEN FOR BUSINESS DURING ITS POSTED HOURS,
EXCEPT THAT A CREDIT UNION MAY CLOSE:

(1)  ON ANY STATE HOLIDAY;

(2)  AT ANY OTHER TIME IF:

(I)  NOTICE OF THE CLOSING IS POSTED
PROMINENTLY IN ITS OFFICE 3 BUSINESS DAYS IN ADVANCE; OR

(II)  SPECIFICALLY AUTHORIZED TO CLOSE BY
THE BANK COMMISSIONER.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1980.

Approved May 6, 1980.

CHAPTER 448
(House Bill 1184)