Section 14-307 - General cessation of business during emergency; closing of banking institution. - Maryland Statutes

§ 14-307. General cessation of business during emergency; closing of banking institution.
 

(a)  "Emergency" defined.- In this section, "emergency" includes an emergency that results from fire, flood, riot, robbery, weather, or other cause. 

(b)  General cessation of business during emergency.- If an emergency exists in a political subdivision, the Governor may proclaim a day for the general cessation of business in that political subdivision. 

(c)  Closing of banking institution.- If an emergency exists as to a banking institution, the Governor: 

(1) may proclaim a day on which the banking institution may remain closed; and 

(2) shall limit the proclamation to the principal banking office and branch offices of the banking institution that the emergency affects. 
 

[An. Code 1957, art. 41, § 2-103; 2003, ch. 5, § 2.]