§ 9-803. Relocation of permitted office

Latest version.

   (a) Relocation. -- Subject to § 9-309 of this title and the approval of the Division Director, a foreign association or any savings and loan association that maintains its principal office outside this State may relocate an existing office in this State if:

   (1) The office was open on or before March 1, 1955; and

   (2) The relocation is within:

      (i) The same county; and

      (ii) A one-mile radius of the office to be relocated.

(b) Appeal. -- Any aggrieved foreign association or savings and loan association that applies to relocate its office under subsection (a) of this section may appeal a final order of the Division Director to the Circuit Court for Baltimore City.

HISTORY: An. Code 1957, art. 23, § 156; 1980, ch. 856; 1986, ch. 282.

                    
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