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Session Laws, 1986
Volume 768, Page 1156   View pdf image
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1156                                          LAWS OF MARYLAND                                      Ch. 282

INTO CONSERVATORSHIP, RECEIVERSHIP, REORGANIZATION, OR
LIQUIDATION.

(B) CRIMINAL PENALTIES.

ANY CONTROLLING PERSON, OFFICER, OR DIRECTOR WHO VIOLATES
SUBSECTION (A) OF THIS SECTION, UPON CONVICTION, SHALL:

(1)  BE SENTENCED TO IMPRISONMENT IN THE PENITENTIARY
FOR NOT LESS THAN 1 YEAR NOR MORE THAN 10 YEARS;

(2)  BE FINED NOT LESS THAN $10,000 NOR MORE THAN
$100,000; AND

(3)  MAKE FULL RESTITUTION.
9-915. SCOPE OF JUDICIAL REVIEW.

(A)  IN ANY APPEAL OF AN ORDER OF THE DIVISION DIRECTOR
UNDER THIS TITLE OR TITLE 8 OF THIS ARTICLE, THE DIVISION
DIRECTOR SHALL BE CONSIDERED A PARTY AND HAS THE RIGHT TO APPEAL
ANY DECISION TO THE COURT OF SPECIAL APPEALS OR PETITION THE
COURT OF APPEALS FOR A WRIT OF CERTIORARI.

(B)  WHETHER OR NOT A HEARING HAS BEEN HELD ON AN ORDER
ISSUED BY THE DIVISION DIRECTOR, THE SCOPE OF JUDICIAL REVIEW OF
AN APPEAL OF AN ORDER OF THE DIVISION DIRECTOR SHALL BE THE SAME
AS PROVIDED IN § 10-215 OF THE STATE GOVERNMENT ARTICLE.

9-916. INDEMNIFICATION PROHIBITION.

NOTWITHSTANDING ANY PROVISION OF LAW, A SAVINGS AND LOAN
ASSOCIATION, HOLDING COMPANY, OR SUBSIDIARY MAY NOT INDEMNIFY ANY
PERSON WHO IS FINED UNDER ANY CRIMINAL PENALTY PROVISION OF THIS
TITLE OR TITLE 8 OR SUBJECT TO ANY CIVIL PENALTY UNDER THIS TITLE
OR TITLE 8.

9-917. RULES OF CONSTRUCTION.

IN THE INTERPRETATION AND CONSTRUCTION OF THIS TITLE AND
TITLE 8 OF THIS ARTICLE:

(1)  A REFERENCE TO A STATUTE OR TO A REGULATION
ISSUED BY A GOVERNMENT AGENCY INCLUDES THE STATUTE OR REGULATION
WITH ALL AMENDMENTS AND SUPPLEMENTS TO THE STATUTE AND ANY NEW
STATUTE OR REGULATION SUBSTITUTED FOR SUCH STATUTE OR REGULATION,
AS IN FORCE AT THE TIME OF APPLICATION OF THE PROVISION IN WHICH
SUCH REFERENCE IS MADE, UNLESS THE SPECIFIC LANGUAGE OR THE
CONTEXT OF THE REFERENCE CLEARLY INCLUDES ONLY THE STATUTE OR
REGULATION AS IN FORCE ON THE EFFECTIVE DATE OF THIS SECTION.

(2)  (I) A POWER OF AN ASSOCIATION PROVIDED IN THIS
TITLE AND TITLE 8 THAT IS SUBJECT TO REGULATION OF THE DIVISION
DIRECTOR MAY BE EXERCISED, SUBJECT TO THE PROVISIONS OF THIS
TITLE AND TITLE 8, IN THE ABSENCE OF SUCH REGULATION.

 

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Session Laws, 1986
Volume 768, Page 1156   View pdf image
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