Section 3-704 - Public notice of filing. - Maryland Statutes

§ 3-704. Public notice of filing.
 

(a)  Notice required.-  

(1) Except as provided in subsection (b) of this section, the Commissioner shall publish a notice of the filing of the agreement. 

(2) The notice shall be published in the Maryland Register as provided in the State Documents Law. 

(b)  Exception.- Subject to confirmation by the Secretary of Labor, Licensing, and Regulation, the Commissioner may approve an agreement without the notice required by this section if: 

(1) The agreement and proposed transaction meet the requirements of § 3-706 of this subtitle; 

(2) The financial condition or stability of one of the constituent banks is such that a delay of the proposed transaction will cause an economic hardship to it; and 

(3) Approval of the agreement is in the public interest. 
 

[An. Code 1957, art. 11, § 112; 1980, ch. 33, § 2; 1995, ch. 120, § 19; 1996, ch. 326, § 2.]