clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e
  Maryland State Archives | Index | Help | Search search for:
clear space
white space
Session Laws, 1986
Volume 768, Page 1063   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

HARRY HUGHES, Governor

1063

(2) The warning and its subject matter shall remain
confidential between the Division Director and the director or
officer of the savings and loan association.

(b)  Report to Secretary of Licensing and Regulation and
Attorney General.

(1)  If the Division Director finds that the director
or officer has continued to engage in the unsafe or unsound
practice, the Division Director, with the advice of the Board of
Commissioners, shall report the facts to the Secretary of
Licensing and Regulation and the Attorney General.

(2)  A copy of the report shall be sent by registered
mail to each director of the savings and loan association.

(c)  Hearing; removal.

(1)  After giving the officer or director an
opportunity to be heard promptly by the Board of Savings and Loan
Commissioners, if the Board finds that the unsafe or unsound
practice continued after the warning, the Board, with the
approval of the Secretary of Licensing and Regulation, may remove
the officer or director.

(2)  The hearing shall be pursuant to the
Administrative Procedure Act.

(3)  A copy of the removal order shall be served
immediately on the individual removed and on the savings and loan
association.]

[8-403. Board of Commissioners' hearings.

(a)  In general.

Within 30 days after an appeal is filed under § 8-402 of
this subtitle, the Board of Commissioners shall hold a hearing.

(b)  Subpoenas.

(1) The Board of Commissioners, on its own motion or
at the request of any party, including any intervening party, may
issue a subpoena to compel attendance and testimony or the
production of records at a hearing under subsection (a) of this
section. The subpoena shall:

(i) Be signed by the Division Director or a
member of the Board of Commissioners; and

(ii) Be served in person by the sheriff of any
county in which service can be made or by any individual who is
18 years old or older.

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1986
Volume 768, Page 1063   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  August 17, 2024
Maryland State Archives