§ 6-906.2
72 words·~1 min read·
/md/financial-institutions/6-906-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§6–906.2.
(a)In this section, “extraordinary circumstances” means a situation presenting specific concerns about the prompt withdrawal of money from, or the safety and soundness of, a credit union.
(b)In extraordinary circumstances and with the consent of the credit union, the Commissioner may close to the public a hearing concerning the assessment of a civil penalty, an order to cease and desist, or any other formal enforcement action by the Commissioner.