1558                                          LAWS OF MARYLAND                                     Ch. 113

(N) "RECIPROCAL BASIS" MEANS THAT, IN CONJUNCTION WITH LAWS
OF THIS STATE:

(1)  THE LAWS OF THE JURISDICTION WHERE THE
OUT-OF-STATE BANK HOLDING COMPANY HAS ITS PRINCIPAL PLACE OF
BUSINESS PERMIT MARYLAND BANK HOLDING COMPANIES TO ACQUIRE BANKS
AND BANK HOLDING COMPANIES IN THAT JURISDICTION; AND

(2)  THE LAWS OF THE JURISDICTION WHERE THE
OUT-OF-STATE BANK HOLDING COMPANY HAS ITS PRINCIPAL PLACE OF
BUSINESS PERMIT THE OUT-OF-STATE BANK HOLDING COMPANY TO BE
ACQUIRED BY THE MARYLAND BANK HOLDING COMPANY OR MARYLAND BANK
SOUGHT TO BE ACQUIRED.

(3)  FOR THE PURPOSES OF APPLYING PARAGRAPH (2) OF
THIS SUBSECTION, A MARYLAND BANK SHALL BE CONSIDERED TO BE A
MARYLAND BANK HOLDING COMPANY.

(O) "REGION" MEANS (O) "REGION" MEANS:

(1)  FROM JULY 1, 1985 THROUGH JUNE 30, 1987, THE
STATES OF MARYLAND, DELAWARE, VIRGINIA, WEST VIRGINIA AND THE
DISTRICT OF COLUMBIA; AND

(2)  ON OR AFTER JULY 1, 1987 THE STATES OF ALABAMA,
ARKANSAS, DELAWARE, FLORIDA, GEORGIA, KENTUCKY, LOUISIANA,
MARYLAND, MISSISSIPPI, NORTH CAROLINA, PENNSYLVANIA, SOUTH
CAROLINA, TENNESSEE, VIRGINIA, WEST VIRGINIA, AND THE DISTRICT OF
COLUMBIA.

(P) "SUBSIDIARY" MEANS A SUBSIDIARY AS DEFINED IN SECTION
2(D) OF THE FEDERAL BANK HOLDING COMPANY ACT OF 1956, AS AMENDED,
12 U.S.C. § 1841(D).

5-1002.

(A)  THIS SUBTITLE SETS FORTH THE CONDITIONS UNDER WHICH AN
OUT-OF-STATE BANK HOLDING COMPANY MAY ACQUIRE A MARYLAND BANK,
MARYLAND BANK HOLDING COMPANY, OR AN OUT-OF-STATE BANK HOLDING
COMPANY HAVING A MARYLAND BANK SUBSIDIARY.

(B)  THIS SUBTITLE DOES NOT AUTHORIZE ANY ACQUISITION OTHER
THAN AN ACQUISITION BY AN OUT-OF-STATE BANK HOLDING COMPANY.

5-1003.

(A) (1) AN OUT-OF-STATE BANK HOLDING  COMPANY NOT HAVING A

MARYLAND BANK SUBSIDIARY IS AUTHORIZED TO    ACQUIRE A MARYLAND

BANK, MARYLAND BANK HOLDING COMPANY, OR  AN OUT-OF-STATE BANK

HOLDING COMPANY HAVING A MARYLAND BANK    SUBSIDIARY IF THE

OUT-OF-STATE BANK HOLDING COMPANY AND ENTITY  BEING ACQUIRED:

(I) COMPLY WITH ALL APPLICABLE PROVISIONS OF §§
3-314 AND 5-403 OF THIS ARTICLE;