Md. Code Ann., Fin. Inst. § 5-604 – Notice of possession | Midpage

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Maryland Code

Financial Institutions

§ 5-604

Md. Code Ann., Fin. Inst. § 5-604

Notice of possession

Effective Jul 1, 1996Added by Acts 1980, c. 33, § 2, eff. July 1, 1980. Amended by Acts 1996, c. 326, § 2, eff. July 1, 1996.State of Maryland

(1) Each person who has any asset of the institution; and
(2) The general public, by notice published in an appropriate newspaper.

After the Commissioner takes possession of a banking institution, the Commissioner promptly shall give notice of that fact to:

Added by Acts 1980, c. 33, § 2, eff. July 1, 1980. Amended by Acts 1996, c. 326, § 2, eff. July 1, 1996.

Formerly Art. 11, § 13.