WILLIAM DONALD SCHAEFER, Governor Ch. 568

(i) Encouraging and supporting the business and
commercial development of such businesses; and

(ii) Participating in and supporting special
State, federal, local or private industry programs intended to
make available, offer, encourage, guarantee, or otherwise
facilitate loan and other financing programs for socially or
economically disadvantaged businesses.

(B) THE BANK COMMISSIONER SHALL SUPERVISE AND EXAMINE A
FINANCIAL INSTITUTION THAT HAS APPLIED TO THE BANK COMMISSIONER
AND HAS MET THE REQUIREMENTS SET FORTH UNDER PARAGRAPH (A) OF
THIS SECTION.

12-705.

[(a) Upon 90 days prior written notice to the Bank
Commissioner, a financial institution may terminate the Bank
Commissioner's power to supervise and examine it under this
subtitle.

(b) (1)] (A) If the Bank Commissioner believes that a
financial institution supervised and examined under this subtitle
has engaged in an unsafe or unsound banking practice, or has
failed to comply with the law, the Bank Commissioner shall send a
warning to the financial institution.

[(2)] (B) If the Bank Commissioner finds that the
financial institution has continued to engage in the unsafe or
unsound practice, or that the failure to comply with the law has
continued, subject to the hearing provisions of § 12-706 of this
subtitle, the Bank Commissioner may suspend or terminate its
supervision and examination of the financial institution.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1989.

Approved May 25, 1989.

CHAPTER 568

(Senate Bill 322)

AN ACT concerning

Limited Partnerships

FOR the purpose of altering the time of effectiveness of certain
limited partnership interests; making a technical

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