1060

LAWS OF MARYLAND

Ch. 282

STOCKHOLDERS OF THE ASSOCIATION OR THE PROTECTION OF THE PUBLIC
REQUIRES IMMEDIATE CORRECTIVE ACTION.

(II) EMERGENCY ORDERS SHALL:

1.  BE EFFECTIVE ON RECEIPT;

2.  SPECIFY THE CHARGES AND A HEARING DATE
WITHIN 30 DAYS; AND

3.  NOTIFY THE RECIPIENT THAT, UPON
APPLICATION, A HEARING TO ABATE THE ORDER WILL BE SCHEDULED
WITHIN 10 DAYS.

(2) BY ITS TERMS, AN EMERGENCY ORDER MAY BE CONTINUED
IN EFFECT UNTIL THE EFFECTIVE DATE OF A FINAL ORDER.

8-402. Division Director's hearing; final order.

(a)  Right to hearing.

[An] UNLESS ISSUED UNDER § 8-401(D) § 8-401(E) OF THIS
SUBTITLE, AN order issued under [§ 8-401 of] this subtitle may
not become effective until the savings and loan association,
HOLDING COMPANY, OR SUBSIDIARY OR RELATED ENTITY named in the
order has been given an opportunity for a hearing before the
Division Director OR THE DIVISION DIRECTOR'S DESIGNEE.

(b)  Failure to REQUEST HEARING OR TO appear.

If the savings and loan association, HOLDING COMPANY, OR
SUBSIDIARY OR RELATED ENTITY does not REQUEST A HEARING WITHIN
THE TIME SPECIFIED IN § 8-401(B)(4) OR DOES NOT appear at the
SCHEDULED hearing, the order becomes final.

(C) CONDUCT OF HEARINGS.

(1)  AFTER NOTIFYING THE SECRETARY. THE DIVISION
DIRECTOR OR THE DIVISION DIRECTOR'S DESIGNEE DEPUTY DIVISION
DIRECTOR MAY ISSUE SUBPOENAS COMPELLING THE ATTENDANCE OF
WITNESSES OR THE PRODUCTION OF RECORDS AND DOCUMENTS AT THE
HEARING.

(2)  IF ANY PERSON FAILS TO COMPLY WITH THE SUBPOENA,
THE DIVISION DIRECTOR OR DEPUTY DIVISION DIRECTOR MAY APPLY TO

THE CIRCUIT COURT FOR BALTIMORE CITY APPROPRIATE CIRCUIT COURT

CIRCUIT COURT FOR BALTIMORE CITY FOR AN ORDER HOLDING THE PERSON
IN CONTEMPT. IF THE COURT FINDS THAT, WITHOUT REASONABLE CAUSE,
THE PERSON HAS FAILED TO COMPLY WITH THE SUBPOENA, THE COURT MAY
FIND THE PERSON IN CONTEMPT AND PUNISH THE PERSON AS IF FOR
CONTEMPT OF COURT.

(3)  THE DIVISION DIRECTOR, THE DEPUTY DIVISION
DIRECTOR, OR THE DIVISION DIRECTOR'S DESIGNEE MAY ADMINISTER AN
OATH TO WITNESSES.