Maryland Code, FINANCIAL INSTITUTIONS 12-115
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Terms Used In Maryland Code, FINANCIAL INSTITUTIONS 12-115
- Oath: A promise to tell the truth.
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
- Testimony: Evidence presented orally by witnesses during trials or before grand juries.
(a) At any time and as often as the Commissioner considers appropriate, the Commissioner may investigate the records and business operations of a licensee or a person who acts on behalf of a licensee.
(b) For the purposes of this section, the Commissioner:
(1) Shall be given access to any books, papers, records, safes, or vaults of the person under investigation; and
(2) May examine under oath a person whose testimony the Commissioner requires.