(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 credit union.
(b) In extraordinary circumstances and with the consent of the credit union, 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
Subtitle 9 - Prohibited Activities; Penalties
Section 6-901 - Unauthorized Use of Words "Credit Union" Prohibited
Section 6-902 - Making, Circulating, or Sending Untrue Statements
Section 6-903 - Intentionally False Statements or False Records
Section 6-904 - Improper Loans
Section 6-905 - Improper Loans -- Action by Commissioner
Section 6-906 - Cease and Desist Orders
Section 6-906.1 - Cease and Desist Orders -- Civil Penalty
Section 6-906.2 - Closed Hearing in Extraordinary Circumstances