Section 5-1010 - Enforcement actions. - Maryland Statutes

§ 5-1010. Enforcement actions.
 

(a)  Authorized.- Subject to § 5-1012 of this subtitle, if the Commissioner finds that a branch of an other-state bank in this State is being operated in an unsafe or unsound manner or there is any violation of Maryland law by the branch of the other-state bank, the Commissioner may undertake enforcement actions as otherwise authorized under provisions in this article governing banking institutions. 

(b)  Joint actions.- The Commissioner may enter into joint enforcement actions with other bank supervisory agencies having concurrent jurisdiction over an other-state bank that has a branch in this State. 
 

[1995, ch. 213, § 2; 1996, ch. 326, § 2.]