(a) The Commissioner shall decide whether to approve the establishment of a branch of a banking institution within 30 days of receipt of the notice specified in § 5-1005 of this subtitle.
(b) A branch shall be deemed approved if the Commissioner takes no action on the notice within the time limit specified in this section.
Structure Maryland Statutes
Title 5 - Banking Institutions -- General Provisions
Section 5-1002 - Scope of Subtitle
Section 5-1003 - Establishment of Branch -- in Maryland
Section 5-1004 - Establishment of Branch -- in Another State
Section 5-1005 - Establishment of Branch -- Prerequisites
Section 5-1006 - Approval of Branch -- Considerations
Section 5-1007 - Approval of Branch -- Time Limitations
Section 5-1008 - Powers and Rights of Branches; Engaging in Business With Banks
Section 5-1009 - Examinations and Supervision
Section 5-1010 - Enforcement Actions
Section 5-1011 - Reports of Condition and Income
Section 5-1012 - Cooperation With Other State or Federal Regulators
Section 5-1013 - Transactions Resulting in 30 Percent or More Control of Deposits