Maryland Statutes
Subtitle 4 - Automated Teller Machines
Section 1-405 - Foreign Banking Corporation

(a)    “Foreign banking corporation” has the meaning stated in § 12-201(e) of this article.
    (b)    A foreign banking corporation may not have an automated teller machine in this State for any purpose unless:
        (1)    The foreign banking corporation obtains from the Commissioner a permit for the automated teller machine; or
        (2)    The automated teller machine is authorized under:
            (i)    The Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 or other federal law; or
            (ii)    Title 5, Subtitle 9 or Subtitle 10 of this article.
    (c)    The process for obtaining a permit for the automated teller machine is as stated in §§ 12-208 and 12-209 of this article.

Structure Maryland Statutes