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Session Laws, 1983
Volume 745, Page 722   View pdf image
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722                                                LAWS OF MARYLAND                                        Ch. 143 Article - Financial Institutions
Section 11-301 and ll-302(a)
Annotated Code of Maryland
(1980 Volume and 1982 Supplement)
BY adding to Article - Commercial Law Section 12-901 through 12-914 12-916 12-920 12-921,
inclusive, to be under the new subtitle "Subtitle 9.
Bank Credit Grantor Revolving Credit Provisions";
and 12-1001 through 12-1014 12-1016 12-1021,
inclusive, to be under the new subtitle "Subtitle
10. Bank Credit Grantor Closed End Credit
Provisions" Annotated Code of Maryland (1975 Volume and 1982 Supplement)
BY repealing and reenacting, with amendments, Article - Commercial Law
Section 12-306(a)(6)
Annotated Code of Maryland
(1975 Volume and 1982 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows: Article - Financial Institutions SUBTITLE 9. ACQUISITION OF STOCK IN BANKS LOCATED
IN MARYLAND BY OUT OF STATE BANK HOLDING COMPANIES 5-901. AS USED IN THIS SUBTITLE: (A)   "BANK" MEANS A BANK, TRUST COMPANY, OR SAVINGS BANK
INCORPORATED UNDER THE LAWS OF THIS STATE AFTER JULY 1, 1983 OR A
NATIONAL BANKING ASSOCIATION OR A FEDERAL SAVINGS BANK CREATED
UNDER APPLICABLE PROVISIONS OF FEDERAL LAW AFTER JULY 1, 1983. (B)  (1) "OUT OF STATE BANK HOLDING COMPANY" MEANS A BANK
HOLDING COMPANY, AS DEFINED IN THE FEDERAL BANK HOLDING COMPANY
ACT OF 1956, AS AMENDED, THAT HAS BANKING SUBSIDIARIES WHOSE
OPERATIONS ARE PRINCIPALLY CONDUCTED IN A STATE OTHER THAN
MARYLAND. (2) FOR THE PURPOSES OF THIS SUBTITLE, THE STATE IN
WHICH THE OPERATIONS OF A BANK HOLDING COMPANY'S BANKING
SUBSIDIARIES ARE PRINCIPALLY CONDUCTED IS THE STATE IN WHICH THE
TOTAL DEPOSITS OF ALL THE HOLDING COMPANY'S BANKING SUBSIDIARIES
ARE GREATEST.


 
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Session Laws, 1983
Volume 745, Page 722   View pdf image
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