Maryland Code, FINANCIAL INSTITUTIONS 5-809
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Terms Used In Maryland Code, FINANCIAL INSTITUTIONS 5-809
- Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
On application by the Commissioner, a court of competent jurisdiction may issue an injunction to restrain a banking institution from:
(1) An unsafe or unsound banking practice;
(2) A practice that is injurious to the public interest; or
(3) A violation of a law, rule, or regulation that relates to the Commissioner’s supervision of the institution.