HARRY HUGHES, Governor

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(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").]

3-203.

(d) (1) Within 6 months after the articles are filed
for examination, the Bank Commissioner, WITH AFTER RECEIVING
THE ADVICE OF THE BANKING BOARD, shall sign, date, and
endorse each copy of the articles as "approved" or
"refused."

3-705.

[The Bank Commissioner shall approve or disapprove the
agreement within] WITHIN 6 months after the papers specified
in § 3-703(c) of this subtitle have been filed with the Bank
Commissioner, THE BANK COMMISSIONER, WITH AFTER RECEIVING
THE ADVICE OF THE BANKING BOARD, SHALL APPROVE OR DISAPPROVE
THE AGREEMENT.

4-203.

(d) (1) Within 6 months after the articles are filed
for examination, the Bank Commissioner, WITH THE APPROVAL OF
THE BANKING BOARD, shall sign, date, and endorse each copy
as "approved" or "refused."

4-701.

(a)  ["Transfer] IN THIS SECTION, "TRANSFER assets",
"transfer its assets", or "transfer of assets" means to
sell, lease, exchange, or otherwise transfer all or
substantially all of the property and assets of a savings
bank.

(b)  [With the written consent of the Bank
Commissioner, any] A savings bank may consolidate with,
merge into, or transfer its assets to any banking
institution in this State, any other bank in this State, or
any State or federal savings and loan association in this
State IF THE BANK COMMISSIONER, WITH AFTER RECEIVING THE
ADVICE OF THE BANKING BOARD, GIVES WRITTEN CONSENT TO THE
TRANSACTION.

(c)  The transaction shall be approved at a meeting
called for that purpose, by the affirmative vote of:

(1)  Two thirds of the members of the savings
bank, voting in person or by proxy; or

(2)  If there are no members, the board of
directors of the savings bank.