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§ 5-808.2. Enforcement actions or hearings closed to the public

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

West's Annotated Code of Maryland
Financial Institutions
Title 5. Banking Institutions--General Provisions
Subtitle 8. Prohibited Activities; Penalties (Refs & Annos)
Effective: July 1, 2009
MD Code, Financial Institutions, § 5-808.2
§ 5-808.2. Enforcement actions or hearings closed to the public
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 banking institution.
Hearings or actions closed to the public
(b) In extraordinary circumstances and with the consent of the banking institution, 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, § 5-808.2, MD FIN INST § 5-808.2
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.
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