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Session Laws, 1995
Volume 793, Page 2008   View pdf image
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Ch. 213

1995 LAWS OF MARYLAND

(2)      "BRANCH" INCLUDES A MOBILE BRANCH OR OTHER
SPECIAL-PURPOSE FACILITY THAT PERFORMS A FUNCTION OF A BRANCH.

(3)      "BRANCH" DOES NOT INCLUDE AN ELECTRONIC TERMINAL AS
DEFINED IN § 5-502 OF THIS TITLE.

(E)     "DE NOVO BRANCH" MEANS A BRANCH OF AN OUT-OF-STATE BANK OR
BANKING INSTITUTION THAT:

(1)      IS ORIGINALLY ESTABLISHED BY THE OUT-OF-STATE BANK OR
BANKING INSTITUTION AS A BRANCH; AND

(2)      DOES NOT BECOME A BRANCH OF THE OUT-OF-STATE BANK OR
BANKING INSTITUTION AS A RESULT OF:

(I)      THE ACQUISITION BY THE OUT-OF-STATE BANK OR BANKING
INSTITUTION OF AN INSURED DEPOSITORY INSTITUTION OR A BRANCH OF AN
INSURED DEPOSITORY INSTITUTION; OR

(II)     THE CONVERSION, MERGER, OR CONSOLIDATION OF AN
INSURED DEPOSITORY INSTITUTION OR A BRANCH OF AN INSURED DEPOSITORY
INSTITUTION.

(F)      "HOME STATE" MEANS:

(1)      AS TO A NATIONAL BANKING ASSOCIATION, THE STATE IN WHICH
ITS MAIN OFFICE IS LOCATED; AND

(2)      AS TO A STATE-CHARTERED BANK, THE STATE BY WHICH IT IS
CHARTERED.

(G)     "HOME STATE REGULATOR" MEANS THE AGENCY IN A BANK'S HOME
STATE WITH PRIMARY RESPONSIBILITY FOR CHARTERING AND REGULATING
BANKS.

(H) "HOST STATE" MEANS A STATE, OTHER THAN THE HOME STATE OF A
BANK, IN WHICH THE BANK MAINTAINS OR SEEKS TO ESTABLISH A BRANCH.

(I) "NATIONAL BANKING ASSOCIATION" MEANS A BANK CHARTERED UNDER
THE NATIONAL BANK ACT.

(J) (I) "INSURED DEPOSITORY INSTITUTION" MEANS ANY FINANCIAL
INSTITUTION THE DEPOSITS OF WHICH ARE INSURED BY THE FEDERAL DEPOSIT
INSURANCE CORPORATION.

(J) "NATIONAL BANKING ASSOCIATION" MEANS A BANK CHARTERED UNDER
THE NATIONAL BANK ACT.

(K) "OTHER-STATE BANK" MEANS A BANK CHARTERED AND PRIMARILY
REGULATED BY ANOTHER STATE.

(K) (L) "OUT-OF-STATE BANK" MEANS:

- 2008 -

 

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Session Laws, 1995
Volume 793, Page 2008   View pdf image
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