2614                                 LAWS OF MARYLAND                               Ch. 758

(1)  A foreign bank; or

(2)  Persons who own of record or beneficially 25
percent or more of the outstanding voting shares of a
foreign bank.

(c) "Bank holding company" means a corporation that
owns of record or beneficially 25 percent or more of the
outstanding voting shares of:

(1)  A state banking institution that has its
principal banking office in this State; or

(2)  A national banking association that has its
principal banking office in this State.

(D) (1) "ELECTRONIC TERMINAL" MEANS AN ELECTRONIC
DEVICE THROUGH WHICH A CONSUMER MAY BEGIN A FUND TRANSFER OR
CREDIT TRANSACTION.

(2)  "ELECTRONIC TERMINAL" INCLUDES:

(I)  A POINT-OF-SALE TERMINAL;

(II)  AN AUTOMATED TELLER MACHINE; AND

(III)  A CASH DISPENSING MACHINE.

(3)  "ELECTRONIC TERMINAL" DOES NOT INCLUDE A
TELEPHONE THAT THE CONSUMER OPERATES.

[(d)](E) "Foreign bank" means any bank or trust
company other than:

(1)  A State banking institution that has its
principal banking office in this State; and

(2)  A national banking association that has its
principal banking office in this State.

(F) "FOREIGN BANKING CORPORATION" MEANS:

(1)  A FOREIGN BANK; OR

(2)  ANY CORPORATION THAT:

(I)  IS CONTROLLED BY A FOREIGN BANK;

(II)  CONTROLS A FOREIGN BANK; OR

(III)  IS CONTROLLED BY PERSONS WHO CONTROL
A FOREIGN BANK OR FOREIGN BANK HOLDING COMPANY.

12-207.

(a) A foreign [bank] BANKING CORPORATION may not have
an office or an electronic terminal in this State for any