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WILLIAM DONALD SCHAEFER, Governor Ch. 6
DRAFTER'S NOTE:
Error: Word and punctuation omitted in § 9-1004(a)(2)
of the Financial Institutions Article.
Occurred: Ch. 544, Acts of 1987.
(b) (3) The approval by the Division Director shall be
subject to: '
(i) The laws and regulations applicable to the
acquisitions of Maryland associations by Maryland associations;
and
(ii) Any additional conditions, restrictions,
[requirements] REQUIREMENTS, or other limitations, including
without limitation any longevity requirements, that apply to the
acquisition by a Maryland association of a savings and loan
association in the jurisdiction where the out-of-state
association has its principal place of business, but do not apply
to acquisitions by out-of-state associations all of whose
deposit-taking offices are located in that jurisdiction.
DRAFTER'S NOTE:
Error: Punctuation omitted in § 9-1004(b)(3) of the
Financial Institutions Article.
Occurred: Ch. 544, Acts of 1987.
9-1005.
(b) (2) A Maryland association, an interstate association,
a Maryland savings and loan holding company, or an out-of-state
savings and loan holding company may not be required to divest
its deposit-taking offices in Maryland, Maryland associations, or
Maryland savings and loan holding companies if:
(i) An institution in another jurisdiction not
within the region is acquired under § 116 or § 123 of the
Garn-St. Germain Depository Institutions Act of 1982, as amended,
[12 U.S.C. § 1730A(m) or 12 U.S.C. § 1823(f)] 12 U.S.C. § 1823(F)
OR 12 U.S.C. § 1730A(M), respectively;
(ii) A savings and loan association or savings
and loan holding company having deposit-taking offices in a
jurisdiction other than within the region is acquired in the
regular course of securing or collecting a debt previously
contracted in good faith, and the savings and loan association or
savings and loan holding company divests the securities or assets
acquired within 2 years of the date of acquisition; or
(iii) An increase in deposits in deposit-taking
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