Md. Code Ann., Fin. Inst. § 1-405
Foreign banking corporations
Effective Apr 25, 2000Added by Acts 1999, c. 603, § 1, eff. Oct. 1, 1999. Amended by Acts 1999, c. 34, § 7, eff. April 13, 1999; Acts 2000, c. 61, § 1, eff. April 25, 2000.State of Maryland
- (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 19941 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.
Added by Acts 1999, c. 603, § 1, eff. Oct. 1, 1999. Amended by Acts 1999, c. 34, § 7, eff. April 13, 1999; Acts 2000, c. 61, § 1, eff. April 25, 2000.
Pub.L. 103-328, Sept. 29, 1994, 108 Stat. 2338.