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§ 5-703. Banking institution required to be open for business

West's Annotated Code of MarylandFinancial Institutions

West's Annotated Code of Maryland
Financial Institutions
Title 5. Banking Institutions--General Provisions
Subtitle 7. Bank Holidays (Refs & Annos)
MD Code, Financial Institutions, § 5-703
§ 5-703. Banking institution required to be open for business
Currentness
In general
(a) Except as provided in subsection (b) of this section, a banking institution shall be open for business on each day during the year except for the days on which the banking institution is required or authorized by this subtitle to be closed.
Branches open fewer days upon approval by Commissioner
(b) The Commissioner may approve the operation of a branch that is open for business fewer days than described in subsection (a) of this section if the Commissioner determines that:
(1) The branch will serve a customer base or community that has unique banking needs;
(2) At least 1 other branch of the banking institution is open for business as described in subsection (a) of this section; and
(3) The operation of the branch will not be detrimental to the public interest or to banking institutions.

Credits

Added by Acts 1980, c. 33, § 2, eff. July 1, 1980. Amended by Acts 1992, c. 424; Acts 1996, c. 326, § 2, eff. July 1, 1996.
MD Code, Financial Institutions, § 5-703, MD FIN INST § 5-703
Current through legislation effective through April 25, 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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