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2007 Laws of Maryland
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Ch. 154
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generally relating to the deceptive use of the name, trade name, trademark,
service mark, logo, or tagline of a bank.
BY repealing and reenacting, with amendments,
Article - Financial Institutions
Section 5-806
Annotated Code of Maryland
(2003 Replacement Volume and 2006 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Financial Institutions
5-806.
(a) Except for a bank, trust company, or savings bank, OR SAVINGS AND
LOAN ASSOCIATION that is authorized to do business in this State, a person may not
use any name, title, or other words that represent that the person is authorized to do
the business of banking in this State.
(b) (1) (I) IN THIS SUBSECTION, THE FOLLOWING TERMS HAVE
THE MEANINGS INDICATED.
(II) 1. "BANK" "BANK" MEANS ANY BANK, TRUST
COMPANY, SAVINGS BANK, OR SAVINGS AND LOAN ASSOCIATION INCORPORATED
OR CHARTERED UNDER THE LAWS OF THIS STATE OR THE UNITED STATES
THAT ACCEPTS DEPOSITS THAT IS AUTHORIZED TO DO BUSINESS IN THIS STATE,
AND ANY SUBSIDIARY OR AFFILIATE OF THE ENTITY.
2. "BANK" INCLUDES ANY FARM CREDIT SYSTEM
INSTITUTION IN THIS STATE.
(III) "NAME" MEANS THE NAME, TRADE NAME, TRADEMARK,
SERVICE MARK, LOGO, OR TAGLINE USED BY A BANK TO IDENTIFY ITSELF.
(2) EXCEPT WITH THE CONSENT OF THE BANK, A PERSON MAY
NOT USE THE NAME, TRADE NAME, LOGO, OR TAGLINE OF A BANK OR THE NAME,
TRADE NAME, LOGO, OR TAGLINE OR ANY TERM OR DESIGN THAT IS SIMILAR TO
THAT WHICH IS USED BY THE NAME OF A BANK IN ANY MARKETING
MATERIAL PROVIDED TO ANOTHER PERSON OR IN ANY SOLICITATION OF
ANOTHER PERSON IF THE NAME, TRADE NAME, LOGO, OR TAGLINE IN A MANNER
THAT MAY CAUSE A REASONABLE PERSON TO BELIEVE BE CONFUSED,
MISTAKEN, OR DECEIVED THAT THE MARKETING MATERIAL OR SOLICITATION:
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- 1288 -
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