168

LAWS OF MARYLAND

Ch. 33

UNSAFE OR UNSOUND PRACTICES"}.

REVISOR'S NOTE: This section is new language that

combines without substantive change the

provisions of Art. 11, §§ 26A, 27A, 37A, and

108K, as they relate to the Banking Board.

Item (2) of this section is new language that
references those provisions of present Art. 11,
§§ 67 and 72 that designate members of the
Banking Board as ex officio members of the Bank
Regulations Board. Provision for the possible
termination of the balance of present Art. 11, §§
67 and 72 now appears in § 2—403 of this
subtitle, which relates to termination of the
Bank Regulations Board.

See also General Revisor's Note to this subtitle.

2-403. BANK REGULATIONS BOARD.

SUBJECT TO THE EVALUATION AND REESTABLISHMENT
PROVISIONS OF THE REGULATORY PROGRAMS EVALUATION ACT OF
1978, THE FOLLOWING PROVISIONS OF THIS ARTICLE THAT CREATE
THE BANK REGULATIONS BOARD OR RELATE TO ITS POWERS AND
DUTIES SHALL TERMINATE AND BE OF NO EFFECT AFTER JULY 1,
1982:

(1)      TITLE 2, SUBTITLE 3 {"BANK REGULATIONS
BOARD"};

(2)      TITLE 5, SUBTITLE 4 {"AFFILIATES"}; AND

(3)      § 5-504 {"ADDITIONAL BANKING ACTIVITIES AND
BANK-RELATED SERVICES AUTHORIZED"}.

REVISOR'S NOTE: This section is new language derived
without substantive change from Art. 11, § 108K,
as it relates to the Bank Regulations Board.

As to the possible termination of those members
of the Banking Board who are ex officio members
of the Bank Regulations Board, see § 2—402 of
this subtitle.

See also General Revisor's Note to this subtitle.,

GENERAL REVISOR'S NOTE:

In this subtitle, the Commission to Revise the
Annotated Code has combined the various sections of present
Article 11 that relate to the possible termination of the
office of Bank Commissioner, the Banking Board, and the Bank
Regulations Board. Other than as noted, the present scope
of these sections is retained without change other than as
necessary to reflect the recodification of the provisions to
which the present sections refer.