Home Table of Contents

§ 12-702. Qualifications for supervision and examination

West's Annotated Code of MarylandFinancial Institutions

West's Annotated Code of Maryland
Financial Institutions
Title 12. Miscellaneous Institutions and Activities
Subtitle 7. Supervision and Examination of Tax Exempt Financial Institutions (Refs & Annos)
MD Code, Financial Institutions, § 12-702
§ 12-702. Qualifications for supervision and examination
Currentness
To qualify for supervision and examination, the applicant shall satisfy the Commissioner that the applicant:
(1) Is trustworthy and reputable;
(2) Has a good business reputation; and
(3) Has sufficient business experience, moral character, financial responsibility, and genuine fitness to:
(i) Command the confidence of the public; and
(ii) Warrant the belief that the business will be operated lawfully, honestly, fairly and efficiently.

Credits

Added by Acts 1987, c. 639, § 1, eff. July 1, 1987. Amended by Acts 1996, c. 326, § 2, eff. July 1, 1996.
MD Code, Financial Institutions, § 12-702, MD FIN INST § 12-702
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document