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Code · Maryland · Financial Institutions

§ 5-1007

57 words·~1 min read·/md/financial-institutions/5-1007

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§5–1007.
(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.
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