(a) In this section, “extraordinary circumstances” means a situation presenting specific concerns about the prompt withdrawal of money from, or the safety and soundness of, a banking institution.
(b) In extraordinary circumstances and with the consent of the banking institution, the Commissioner may close to the public a hearing concerning the assessment of a civil penalty, an order to cease and desist, or any other formal enforcement action by the Commissioner.
Structure Maryland Statutes
Title 5 - Banking Institutions -- General Provisions
Subtitle 8 - Prohibited Activities; Penalties
Section 5-801 - Removal of Director or Officer for Unsafe or Unsound Practices
Section 5-802 - Violations of Law
Section 5-804 - Acceptance of Deposits for Insolvent Institution
Section 5-805 - Derogatory Statements
Section 5-806 - Unauthorized Representation as Bank or Savings and Loan Association
Section 5-807 - Anticompetitive, Unfair, or Deceptive Practices
Section 5-808 - Cease and Desist Orders
Section 5-808.1 - Cease and Desist Orders -- Civil Penalty
Section 5-808.2 - Closed Hearing in Extraordinary Circumstances