PARRIS N. GLENDENING, Governor                             Ch. 326

4-908.

After providing for due or accrued expenses, losses, interest, and taxes, the board of
directors of a subsidiary savings bank may declare a cash dividend only from the
following:

(1)     Its undivided profits; or

(2)     With the approval of the [ Bank] Commissioner, its surplus in excess of
100 percent of its required capital stock.

4-909.

The [ Bank] Commissioner may evaluate the assets of a subsidiary savings bank by
a method that the Federal Deposit Insurance Corporation or any other appropriate
federal authority adopts for the evaluation of such assets.

5-101.

(c) "Examiner" means:

(1)     The [Bank] Commissioner OF FINANCIAL REGULATION; and

(2)     An individual whom the [ Bank] Commissioner designates as examiner.
5-201.

(a) An examiner shall visit each banking institution and examine its business:

(1)     At least once during each calendar year. UNLESS THE COMMISSIONER
DETERMINES THAT, DURING A CALENDAR YEAR. AN EXAMINATION IS
UNNECESSARY, IN WHICH EVENT AN EXAMINATION SHALL OCCUR NO LESS
FREQUENTLY THAN ONCE EVERY 18 MONTHS:

(2)     When asked to do so by the board of directors of the institution; or

(3)     At any other time that the [ Bank] Commissioner considers necessary.
5-202.

(a)     The [Bank] Commissioner or deputy [Bank] Commissioner may.

(1)     Summon any officer, manager, trustee, employee, or agent of any
banking institution and any other witness that the [Bank] Commissioner thinks proper;

(2)     Administer an oath to that person; and

(3)     Question that person about the affairs of the institution.

(b)     The [Bank] Commissioner or deputy [Bank] Commissioner may not
delegate the powers granted by subsection (a) of this section.

(c)     (1) A person may not:

(i) Obstruct the [Bank] Commissioner or any person acting for the
[Bank] Commissioner in the performance of the duties of the [ Bank] Commissioner; or

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