PARRIS N. GLENDENING, Governor

Ch. 213

(2)      FOR A BANK HOLDING COMPANY TO ASSUME DIRECT OR INDIRECT
OWNERSHIP OR CONTROL OF:

(I)      MORE THAN 5 PERCENT OF ANY CLASS OF VOTING SHARES OF
ANOTHER BANK HOLDING COMPANY OR A BANK; OR

(II)     ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF ANOTHER
BANK HOLDING COMPANY OR A BANK; OR

(3)      TO TAKE ANY OTHER ACTION THAT RESULTS IN THE DIRECT OR
INDIRECT CONTROL BY A BANK HOLDING COMPANY OF ANOTHER BANK HOLDING
COMPANY OR A BANK.

(C)     "AFFILIATE" HAS THE MEANING STATED IN § 5-401 OF THIS TITLE.

(D)     "BANK" HAS THE MEANING STATED IN § 2(C) OF THE BANK HOLDING
COMPANY ACT.

(E) "BANK HOLDING COMPANY":

(1) HAS THE MEANING STATED IN § 2(A) OF THE BANK HOLDING
COMPANY ACT; AND

(2) UNLESS THE CONTEXT REQUIRES OTHERWISE, INCLUDES:

(I) A MARYLAND BANK HOLDING COMPANY;

(II) AN OUT-OF-STATE BANK HOLDING COMPANY;

(III)    A FOREIGN BANK HOLDING COMPANY; AND

(IV)    A CORPORATION OR OTHER ENTITY THAT BECOMES A BANK
HOLDING COMPANY BY MAKING AN ACQUISITION UNDER THIS SUBTITLE.

(F)     "BANK HOLDING COMPANY ACT" MEANS THE FEDERAL BANK HOLDING
COMPANY ACT OF 1956.

(G)     "BANK SUPERVISORY AGENCY" MEANS:

(1) THE OFFICE OF THE COMPTROLLER OF THE CURRENCY. THE
FEDERAL DEPOSIT INSURANCE CORPORATION. AND THE BOARD OF GOVERNORS OF
THE FEDERAL RESERVE SYSTEM, AND ANY SUCCESSOR TO THESE AGENCIES;

(2)      ANY AGENCY OF ANOTHER STATE WITH PRIMARY RESPONSIBILITY
FOR CHARTERING AND SUPERVISING BANKS; AND

(3)      ANY AGENCY OF A FOREIGN COUNTRY WITH PRIMARY
RESPONSIBILITY FOR CHARTERING AND SUPERVISING BANKS.

(H) "COMMISSIONER" MEANS THE MARYLAND BANK COMMISSIONER.

(I) "CONTROL" HAS THE MEANING STATED IN § 2(A) OF THE BANK HOLDING
COMPANY ACT.

(J) "DEPOSIT":

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