Volume 760, Page 3771 View pdf image |
HARRY HUGHES, Governor 3771 Senate Bill No. 111 AN ACT concerning Savings and Loan Division - Cease and Desist Orders FOR the purpose of providing that the Director of the Savings and BY adding to Article - Financial Institutions Section 8-402.1 Annotated Code of Maryland (1980 Volume and 1984 Supplement) SECTION .1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF Article - Financial Institutions 8-402.1. (A) THE DIVISION DIRECTOR MAY ORDER ANY SAVINGS AND LOAN (1) AN UNSAFE OR UNSOUND (2) A PRACTICE THAT IS INJURIOUS TO THE PUBLIC (3) A VIOLATION OF: (I) A LAW; OR (II) A RULE OR REGULATION OF THE BOARD OF (B) TO PROTECT DEPOSITORS, MEMBERS, STOCKHOLDERS, OR THE |
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Volume 760, Page 3771 View pdf image |
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