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Session Laws, 1980
Volume 739, Page 278   View pdf image
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278                                              LAWS OF MARYLAND                                       Ch. 33

clarify the county where publication is required.

TITLE 5. BANKING INSTITUTIONS — GENERAL PROVISIONS.
SUBTITLE 1. DEFINITIONS.
5-101. DEFINITIONS.

(A)   IN GENERAL.

IN THIS TITLE THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.

REVISOR'S NOTE: This subsection is new language used as
the standard introductory language to a
definition section.

See also § 1-101 of the article for other
applicable definitions.

(B)   CAPITAL STOCK.

"CAPITAL STOCK" INCLUDES BOTH COMMON AND PREFERRED
STOCK OF A COMMERCIAL BANK.

REVISOR'S NOTE: This subsection is new language derived
from the identical provisions of CA § 6-101 (c)
and Art. 11, § 69.

The present phrase "the aggregate amount of is
deleted as unnecessary.

The present reference to      the stock as being
"outstanding" is deleted as misleading since, in

some instances, the statute   is intended to refer

to "authorized" rather than     "outstanding" stock

— see, e.g., § 3-202(b)(7)   of this article. In

this title, the words "authorized" or

"outstanding" are added to the text, as
appropriate.

The only other changes are in style.

The term "commercial bank" is defined in § 1—101
of this article.

(C)   EXAMINER.
"EXAMINER" MEANS:

(1)   THE BANK COMMISSIONER; AND

(2)   AN INDIVIDUAL WHOM THE BANK COMMISSIONER
DESIGNATES AS EXAMINER.

REVISOR'S NOTE: This subsection is new language added

 

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