H.B. 1328                                                VETOES;

the Bank Commissioner under certain circumstances; expanding the powers of
certain commercial banks; authorizing banks chartered and primarily regulated by
another state to engage in certain consolidations, mergers, and transfers of assets;
establishing governing law for certain banks involved in certain consolidations,
mergers, or transfers of assets; altering the range of certificates that may be
recorded to evidence certain consolidations, mergers, or transfers of assets;
requiring certain other-state banks to submit certain statements and reports under
certain circumstances; establishing conditions under which an out-of-state bank
may establish branches in the State and conditions under which a banking
institution may establish branches in this State or outside the State; setting a certain
branch fee and standards for approval of a branch of a banking institution;
authorizing the Bank Commissioner to examine branches in the State of
out-of-state banks to a certain extent; authorizing the Bank Commissioner to adopt
certain regulations and enter into certain agreements with bank supervisory
agencies of other states; authorizing the Bank Commissioner to take certain
enforcement actions to enforce certain provisions of law and with respect to a
branch of an out-of-state bank under certain circumstances; establishing certain
limitations in the establishment or acquisition of a branch in the State by an
out-of-state bank; defining certain terms; altering certain definitions; expanding
the definition of "trust company" to include an out-of-state financial institution
that has an office in this State that is not its principal office and that accepts
deposits at its office in this State; making conforming changes; making certain
provisions of this Act severable; providing for the effective date of this Act; altering
certain definitions; providing that certain licensing provisions do not apply to certain
persons and certain banks; providing that certain provisions do not apply to certain
financial institutions; and generally relating to the regulation of certain actions by
banks, banking institutions, bank holding companies, and branches of banks.

BY repealing

Article - Financial Institutions

Section 5-501; 5-901 through 5-908, inclusive, and the subtitle "Subtitle 9.
Acquisition of Stock in Banks Located in Maryland by Out-of-State Bank
Holding Companies"; and 5-1001 through 5-1008, inclusive, and the subtitle
"Subtitle 10. Reciprocal Interstate Banking Acquisitions"

Annotated Code of Maryland

(1992 Replacement Volume and 1994 Supplement)

BY repealing and reenacting, with amendments,
Article 48A - Insurance Code
Section 486B(c)
Annotated Code of Maryland
(1994 Replacement Volume and 1994 Supplement)

BY repealing and reenacting, without amendments,
Article - Commercial Law
Section 12-701 (a)
Annotated Code of Maryland

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