HARRY HUGHES, Governor

1555

(3)  FOR A BANK HOLDING COMPANY TO ASSUME DIRECTLY OR
INDIRECTLY OWNERSHIP OR CONTROL OF ALL OR SUBSTANTIALLY ALL OF
THE ASSETS OF ANOTHER BANK HOLDING COMPANY OR A BANK; OR

(4)  TO TAKE ANY OTHER ACTION THAT RESULTS IN THE
DIRECT OR INDIRECT CONTROL BY A BANK HOLDING COMPANY OF ANOTHER
BANK HOLDING COMPANY OR A BANK.

(C) (1) "BANK" HAS THE MEANING SET FORTH IN § 2(C) OF THE
FEDERAL BANK HOLDING COMPANY ACT OF 1956, AS AMENDED, 12 U.S.C. §
1841 (C).

(2) "BANK" DOES NOT INCLUDE ANY LIMITED PURPOSE BANK
ESTABLISHED IN ANY OTHER JURISDICTION UNDER LEGISLATION SIMILAR
TO TITLE 5, SUBTITLE 9 OF THIS ARTICLE.

(D) (1) "BANKING OFFICE" MEANS ANY BANK, BRANCH OF A BANK,
OR ANY OTHER FIXED LOCATION WHERE A BANK ACCEPTS DEPOSITS.

(2) "BANKING OFFICE" DOES NOT INCLUDE:

(I)  AN UNMANNED AUTOMATIC TELLER MACHINE, POINT
OF SALE TERMINAL, OR OTHER SIMILAR UNMANNED ELECTRONIC BANKING
FACILITY AT WHICH DEPOSITS MAY BE ACCEPTED;

(II)  A FIXED LOCATION LOCATED OUTSIDE THE
UNITED STATES;

(III)  A FIXED LOCATION ESTABLISHED FOR PURPOSES
OF LOAN PRODUCTION OR REPRESENTATION; OR

(IV)  ANY OTHER FIXED LOCATION WHERE DEPOSITS
ARE NOT ACCEPTED.

(E)  "BANK HOLDING COMPANY" MEANS ANY COMPANY THAT IS A BANK
HOLDING COMPANY UNDER THE FEDERAL BANK HOLDING COMPANY ACT OF
1956, AS AMENDED, 12 U.S.C. § 1841(A).

(F)  "COMMISSIONER" MEANS THE BANK COMMISSIONER OF THIS
STATE.

(G)  "CONTROL" HAS THE MEANING SET FORTH IN SECTION 2(A)(2)
OF THE FEDERAL BANK HOLDING COMPANY ACT OF 1956, AS AMENDED, 12
U.S.C. § 1841(A)(2).

(H) "DE NOVO MARYLAND BANK" MEANS A NEWLY ORGANIZED
MARYLAND BANK THAT HAS NOT BEEN ISSUED A CERTIFICATE OF AUTHORITY
TO DO BUSINESS UNDER THIS ARTICLE BY THE COMMISSIONER OR ITS
EQUIVALENT BY THE COMPTROLLER OF THE CURRENCY.

(I) (1) "DEPOSIT" MEANS ANY DEMAND, TIME, OR SAVINGS
DEPOSIT, INCLUDING A DEPOSIT MADE BY AN INDIVIDUAL, CORPORATION,
PARTNERSHIP, STATE OR FEDERAL GOVERNMENTAL UNIT, OR ANY OTHER
ORGANIZATION, WITHOUT REGARD TO THE LOCATION OF THE DEPOSITOR,
EXCEPT: