Home Table of Contents

§ 5-906. Deadline for consideration of application

West's Annotated Code of MarylandFinancial Institutions

West's Annotated Code of Maryland
Financial Institutions
Title 5. Banking Institutions--General Provisions
Subtitle 9. Bank Holding Companies (Refs & Annos)
MD Code, Financial Institutions, § 5-906
§ 5-906. Deadline for consideration of application
Currentness
In general
(a) The Commissioner shall decide whether to approve an application under § 5-904 of this subtitle within 60 days of receipt of a completed application.
Application deemed approved if no action taken
(b) An application shall be deemed approved if the Commissioner takes no action on the application within the time limits specified in this section.

Credits

Added by Acts 1995, c. 213, § 2, eff. Sept. 29, 1995.
MD Code, Financial Institutions, § 5-906, MD FIN INST § 5-906
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