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§ 1-405. Foreign banking corporations

West's Annotated Code of MarylandFinancial Institutions

West's Annotated Code of Maryland
Financial Institutions
Title 1. Definitions; General Provisions
Subtitle 4. Automated Teller Machines (Refs & Annos)
MD Code, Financial Institutions, § 1-405
§ 1-405. Foreign banking corporations
Currentness
Foreign banking corporation defined
(a) “Foreign banking corporation” has the meaning stated in § 12-201(e) of this article.
Foreign banking corporations not allowed to have automatic teller machines
(b) A foreign banking corporation may not have an automated teller machine in this State for any purpose unless:
(1) The foreign banking corporation obtains from the Commissioner a permit for the automated teller machine; or
(2) The automated teller machine is authorized under:
(i) The Riegle-Neal Interstate Banking and Branching Efficiency Act of 19941 or other federal law; or
(ii) Title 5, Subtitle 9 or Subtitle 10 of this article.
Process for obtaining permit
(c) The process for obtaining a permit for the automated teller machine is as stated in §§ 12-208 and 12-209 of this article.

Credits

Added by Acts 1999, c. 603, § 1, eff. Oct. 1, 1999. Amended by Acts 1999, c. 34, § 7, eff. April 13, 1999; Acts 2000, c. 61, § 1, eff. April 25, 2000.

Footnotes

1
Pub.L. 103-328, Sept. 29, 1994, 108 Stat. 2338.
MD Code, Financial Institutions, § 1-405, MD FIN INST § 1-405
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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