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§ 6-711. Hours of operation

West's Annotated Code of MarylandFinancial Institutions

West's Annotated Code of Maryland
Financial Institutions
Title 6. Credit Unions (Refs & Annos)
Subtitle 7. Miscellaneous Regulations (Refs & Annos)
MD Code, Financial Institutions, § 6-711
§ 6-711. Hours of operation
Currentness
Hours posted prominently in office
(a) A credit union shall post its hours of operation prominently in its office.
Open for business during posted hours
(b) Each credit union shall be open for business during its posted hours, except that a credit union may close:
(1) On any State holiday; and
(2) At any other time if:
(i) Notice of the closing is posted prominently in its office 3 business days in advance;
(ii) Specifically authorized to close by the Commissioner; or
(iii) An emergency exists that affects the credit union and it is not practical to obtain authorization from the Commissioner before closing the affected credit union.
Notification of Commissioner of emergency closings
(c) If a credit union closes under the provisions of subsection (b)(2)(iii) of this section, the chairman of the board or the president of the affected credit union shall notify the Commissioner of the reason for the closing of the credit union as soon as possible but no later than 24 hours after the closing of the credit union.

Credits

Added as Financial Institutions § 6-607 by Acts 1980, c. 447. Amended by Acts 1996, c. 326, § 2, eff. July 1, 1996. Renumbered as Financial Institutions § 6-711 and amended by Acts 2001, c. 147, § 1, eff. Oct. 1, 2001; Acts 2001, c. 148, § 1, eff. Oct. 1, 2001.
MD Code, Financial Institutions, § 6-711, MD FIN INST § 6-711
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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