Maryland Code, FINANCIAL INSTITUTIONS 1-405
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Terms Used In Maryland Code, FINANCIAL INSTITUTIONS 1-405
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(a) “Foreign banking corporation” has the meaning stated in § 12-201(e) of this article.
(b) A foreign banking corporation may not have an automated teller machine in this State for any purpose unless:
(1) The foreign banking corporation obtains from the Commissioner a permit for the automated teller machine; or
(2) The automated teller machine is authorized under:
(i) The Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 or other federal law; or
(ii) Title 5, Subtitle 9 or Subtitle 10 of this article.
(c) The process for obtaining a permit for the automated teller machine is as stated in §§ 12-208 and 12-209 of this article.