clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e
  Maryland State Archives | Index | Help | Search search for:
clear space
white space
Session Laws, 1999
Volume 796, Page 3193   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

(II) THE TERM OF OFFICE OF A DIRECTOR MAY NOT BE LONGER
THAN 5 YEARS OR, IN THE CASE OF AN INITIAL OR SUBSTITUTE DIRECTOR, SHORTER
THAN THE PERIOD BETWEEN ANNUAL MEETINGS.

(III) THE TERM OF OFFICE OF AT LEAST ONE CLASS OF DIRECTORS
SHALL EXPIRE EACH YEAR

[4-506.

A director of a savings bank serves until the next annual meeting of the
members and until a successor is elected and qualifies.]

5-206.1.

(a) Within 30 days of [adoption] RECEIPT, a national banking association
located in the State, a banking institution, or an other-state bank that maintains a
branch in this State shall submit to the Commissioner a copy of [its most recently
adopted federal Community Reinvestment Act statement.

(b) Within 30 days of receipt, the association, institution, or bank shall submit
to the Commissioner a copy of] the public portion of its most recent Community
Reinvestment Act performance evaluation prepared by the federal regulatory agency
that examines the association, institution, or bank, together with a copy of any
written response to the evaluation prepared by the association, institution, or bank
for its public Community Reinvestment Act file.

[(c)] (B) (1) Upon request, the Commissioner shall make available to the
public a copy of the documents submitted under this section.

(2) The Commissioner may charge a reasonable fee to a person
requesting a copy to help defray the costs of providing copies of the documents to the
public.

5-503.

(a) A banking institution may buy and hold real property only as provided in
this section.

(b) (1) Subject to the limitations in paragraph (3) of this subsection, a
banking institution may buy or hold any real property that is necessary for the
convenient transaction of its business.

(2) In addition to its offices, this property may include:

(i) A parking lot that the banking institution provides, with or
without charge, primarily for the use of its customers; and

(ii) Any rental space that is located in the bank building or on

adjoining land.

(3) [A] EXCEPT AS PROVIDED IN PARAGRAPH (4) OF THIS SUBSECTION,
A banking institution may not invest in its bank building and furnishings more than

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1999
Volume 796, Page 3193   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact msa.helpdesk@maryland.gov.

©Copyright  November 18, 2025
Maryland State Archives