§ 5-1010. Enforcement actions

Latest version.

(a) Authorized. -- Subject to § 5-1012 of this subtitle, if the Commissioner finds that a branch of an other-state bank in this State is being operated in an unsafe or unsound manner or there is any violation of Maryland law by the branch of the other-state bank, the Commissioner may undertake enforcement actions as otherwise authorized under provisions in this article governing banking institutions.

(b) Joint actions. -- The Commissioner may enter into joint enforcement actions with other bank supervisory agencies having concurrent jurisdiction over an other-state bank that has a branch in this State.

HISTORY: 1995, ch. 213, § 2; 1996, ch. 326, § 2.

                    
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