§ 1-405
109 words·~1 min read·
/md/financial-institutions/1-405·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§1–405.
(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 1994 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.