150

LAWS OF MARYLAND

Ch. 33

83, § 156A were intended to be of general
applicability. Therefore, these sections are
combined and placed here as a general rule for
this article.

SUBTITLE 3. CONFIDENTIAL FINANCIAL RECORDS.

1-301. DEFINITIONS.

(A)   IN GENERAL.

IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.

REVISOR'S NOTE: This subsection is new language derived
without substantive change from the introductory
phrase of Art. 11, § 224(a).

See also § 1-101 of this title for other
applicable definitions.

(B)   FIDUCIARY INSTITUTION.
"FIDUCIARY INSTITUTION" MEANS:

(1)   A NATIONAL BANKING ASSOCIATION;

(2)   A STATE BANKING INSTITUTION;

(3)   A CREDIT UNION THAT IS ORGANIZED UNDER THE
LAWS OF THIS STATE OR OF THE UNITED STATES;

(4)   ANY OTHER ORGANIZATION THAT IS ORGANIZED
UNDER THE BANKING LAWS OF THIS STATE AND SUBJECT TO THE
SUPERVISION OF THE BANK COMMISSIONER; OR

(5)   A SAVINGS AND LOAN ASSOCIATION THAT IS
ORGANIZED UNDER THE LAWS OF THIS STATE OR OF THE UNITED
STATES.

REVISOR'S NOTE: This subsection is new language derived
without substantive change from Art. 11, §
224(a)(1).

In item (5) of this subsection, the present
reference to a "building and loan association" is
deleted as unnecessary in light of the more
modern reference to a savings and loan
association; see § 8—101 of this article.

Present references to a "private bank",
"industrial bank, or other thrift institution",
and "industrial finance company" are deleted as
obsolete or otherwise unnecessary given the
breadth encompassed by institutions listed in the
definition.