Section 6-906.2 - Closed hearing in extraordinary circumstances. - Maryland Statutes

§ 6-906.2. Closed hearing in extraordinary circumstances.
 

(a)  "Extraordinary circumstances" defined.- In this section, "extraordinary circumstances" means a situation presenting specific concerns about the prompt withdrawal of money from, or the safety and soundness of, a credit union. 

(b)  Closed hearing.- In extraordinary circumstances and with the consent of the credit union, the Commissioner may close to the public a hearing concerning the assessment of a civil penalty, an order to cease and desist, or any other formal enforcement action by the Commissioner. 
 

[2009, ch. 741.]