Ch. 544

LAWS OF MARYLAND

INCLUDING, THE ITEMS REQUIRED UNDER THE MINIMUM . REPORTING
STANDARDS SPECIFIED UNDER § 9-1008(D) OF THIS SUBTITLE.

(C) THE DIVISION DIRECTOR SHALL PROMPTLY NOTIFY THE GENERAL
ASSEMBLY AS PROVIDED UNDER § 2-1312 OF THE STATE GOVERNMENT
ARTICLE, AND THE DEPARTMENT OF FISCAL SERVICES OF ANY INTERSTATE
ASSOCIATION OR OUT-OF-STATE SAVINGS AND LOAN HOLDING COMPANY THAT
CONTROLS A MARYLAND ASSOCIATION, AN INTERSTATE ASSOCIATION, A
MARYLAND SAVINGS AND LOAN HOLDING COMPANY, OR AN OUT-OF-STATE
SAVINGS AND LOAN HOLDING COMPANY WISHING TO ACQUIRE OR HAVING
ACQUIRED A MARYLAND ASSOCIATION SUBSIDIARY THAT FAILS TO, OR
REFUSES TO, SUBMIT INFORMATION AS REQUIRED IN THIS SECTION.

9-1007.

(A)  THE DIVISION DIRECTOR MAY ENTER INTO COOPERATIVE
AGREEMENTS WITH ANY OTHER SAVINGS AND LOAN REGULATORY UNIT TO
FACILITATE THE REGULATION OF SAVINGS AND LOAN ASSOCIATIONS AND
SAVINGS AND LOAN HOLDING COMPANIES DOING BUSINESS IN THIS STATE.'

(B)  THE DIVISION DIRECTOR MAY ACCEPT REPORTS OF
EXAMINATIONS AND OTHER RECORDS. FROM ANY OTHER UNIT INSTEAD OF
CONDUCTING ITS OWN EXAMINATIONS OF INTERSTATE ASSOCIATIONS AND
ASSOCIATIONS CONTROLLED BY SAVINGS AND LOAN HOLDING COMPANIES
LOCATED IN OTHER JURISDICTIONS.

(C)  THE DIVISION DIRECTOR MAY TAKE ANY ACTION JOINTLY WITH
ANY OTHER REGULATORY UNIT HAVING CONCURRENT JURISDICTION OVER
SAVINGS AND LOAN ASSOCIATIONS AND SAVINGS AND LOAN HOLDING
COMPANIES IN THIS STATE OR MAY TAKE ACTION INDEPENDENTLY IN ORDER
TO CARRY OUT THE RESPONSIBILITIES OF THE DIVISION DIRECTOR.

(D)  THE DIVISION DIRECTOR MAY ADOPT RULES AND REGULATIONS
NECESSARY TO CARRY OUT THE PROVISIONS OF THIS SUBTITLE.

9-1008.

(A)  IT IS THE PURPOSE OF THIS SUBTITLE TO PERMIT ORDERLY
DEVELOPMENT OF SAVINGS AND LOAN ASSOCIATION OPERATIONS ON A
REGIONAL RECIPROCAL BASIS. IT IS NOT THE PURPOSE OF THIS
SUBTITLE TO AUTHORIZE INTERSTATE SAVINGS AND LOAN ASSOCIATION
OPERATIONS ON ANY BASIS OTHER THAN AS PROVIDED IN THIS SUBTITLE.

(B)  EXCEPT AS PROVIDED IN SUBSECTION (C) OF THIS SECTION,
IF ANY OF THE PROVISIONS OF THIS SUBTITLE RELATING TO THE TERMS,
CONDITIONS, AND LIMITATIONS UNDER WHICH INTERSTATE ACQUISITIONS
OF MARYLAND ASSOCIATIONS, INTERSTATE ASSOCIATIONS, MARYLAND
SAVINGS AND LOAN HOLDING COMPANIES, AND OUT-OF-STATE SAVINGS AND
LOAN HOLDING COMPANIES HAVING MARYLAND ASSOCIATION SUBSIDIARIES
ARE PERMITTED ARE DECLARED INVALID FOR ANY REASON BY ANY STATE OR
FEDERAL COURT OF COMPETENT JURISDICTION AND IF THE ACTION OF THE
COURT WOULD SUBSTANTIALLY IMPAIR THE PURPOSE OF THIS SUBTITLE,
THEN ON THE ENTRY OF A FINAL NONAPPEALABLE ORDER OR THE

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