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Maryland Code, Financial Institutions § 5-1106

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) Notwithstanding any other provisions of law to the contrary, the Commissioner may:

(1) Exercise any State regulatory approval that may be required to complete a plan of acquisition under this subtitle; and

(2) Waive any procedural requirements, including publication and hearing procedures, if the Commissioner determines that prompt approval of the application protects the best interests of the depositors and creditors of the savings and loan association to be acquired under this subtitle and is in the public interest.

(b) The Commissioner shall give notice in the Maryland Register of the final action that has been taken on an application filed under this subtitle.

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Cite this article: FindLaw.com - Maryland Code, Financial Institutions § 5-1106 - last updated January 01, 2025 | https://codes.findlaw.com/md/financial-institutions/md-code-fin-inst-sect-5-1106/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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