Section 9-803 - Relocation of permitted office. - Maryland Statutes

§ 9-803. Relocation of permitted office.
 

(a)  Relocation.- Subject to § 9-309 of this title and the approval of the Division Director, a foreign association or any savings and loan association that maintains its principal office outside this State may relocate an existing office in this State if: 

(1) The office was open on or before March 1, 1955; and 

(2) The relocation is within: 

(i) The same county; and 

(ii) A one-mile radius of the office to be relocated. 

(b)  Appeal.- Any aggrieved foreign association or savings and loan association that applies to relocate its office under subsection (a) of this section may appeal a final order of the Division Director to the Circuit Court for Baltimore City. 
 

[An. Code 1957, art. 23, § 156; 1980, ch. 856; 1986, ch. 282.]