- (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.
Added by Acts 1995, c. 213, § 2, eff. Sept. 29, 1995.