Home Table of Contents

§ 6-906.2. Closure of formal enforcement hearing

West's Annotated Code of MarylandFinancial InstitutionsEffective: July 1, 2009

West's Annotated Code of Maryland
Financial Institutions
Title 6. Credit Unions (Refs & Annos)
Subtitle 9. Prohibited Activities; Penalties
Effective: July 1, 2009
MD Code, Financial Institutions, § 6-906.2
§ 6-906.2. Closure of formal enforcement hearing
Currentness
Extraordinary circumstances defined
(a) In this section, “extraordinary circumstances” means a situation presenting specific concerns about the prompt withdrawal of money from, or the safety and soundness of, a credit union.
Closure of meeting by Commissioner
(b) In extraordinary circumstances and with the consent of the credit union, the Commissioner may close to the public a hearing concerning the assessment of a civil penalty, an order to cease and desist, or any other formal enforcement action by the Commissioner.

Credits

Added by Acts 2009, c. 741, § 1, eff. July 1, 2009.
MD Code, Financial Institutions, § 6-906.2, MD FIN INST § 6-906.2
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document