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Martin O'Malley, Governor H.B. 789
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House Bill 789
AN ACT concerning
Banking Institutions - Deceptive Use of Names, Trade Names. Trademarks.
Service Marks. Logos, or Taglines - Penalties
FOR the purpose of clarifying the entities that may use a name, title, or other words
that represent that the person is authorized to do the business of banking in the
State; providing that under certain circumstances, a person may not use the
name, trade name, trademark, service mark, logo, or tagline of a certain bank
that is similar to that which is used by the bank or a term or design that is
similar to the name, trade name, trademark, service mark, logo, or tagline of a
certain bank in certain material; providing for an exception; providing for a
penalty for a violation of the this Act; defining a certain term certain terms: and
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.
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