§ 12-413. Agents
West's Annotated Code of MarylandFinancial InstitutionsEffective: October 1, 2021
Effective: October 1, 2021
MD Code, Financial Institutions, § 12-413
§ 12-413. Agents
(a)(1) Each authorized delegate that a licensee appoints under a license is the designated agent of the licensee for all purposes in connection with the licensee's business under that license.
(b) Each authorized delegate that a licensee appoints under a license shall be authorized by an express written contract, which shall provide:
(c) The licensee shall provide to each authorized delegate a written copy of the licensee's operating policies and procedures, which shall be updated on a reasonable periodic basis.
Credits
Added as Financial Institutions § 12-411 by Acts 1980, c. 33, § 2, eff. July 1, 1980. Amended by Acts 1996, c. 326, § 2, eff. July 1, 1996; Acts 1997, c. 23, § 1, eff. Oct. 1, 1997. Renumbered as Financial Institutions § 12-413 by Acts 2002, c. 539, § 1, eff. Oct. 1, 2002. Amended by Acts 2002, c. 539, § 1, eff. Oct. 1, 2002; Acts 2003, c. 21, § 1, eff. April 8, 2003; Acts 2014, c. 421, § 1, eff. Oct. 1, 2014; Acts 2021, c. 100, § 3, eff. Oct. 1, 2021.
Formerly Art. 11, §§ 212, 217.
MD Code, Financial Institutions, § 12-413, MD FIN INST § 12-413
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.
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