§ 1-405

(a) “Foreign banking corporation” has the meaning stated in § 12-201(e) of this article.

(b) A foreign banking corporation may not have an automated teller machine in this State for any purpose unless:

(1) The foreign banking corporation obtains from the Commissioner a permit for the automated teller machine; or

(2) The automated teller machine is authorized under:

(i) The Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 or other federal law; or

(ii) Title 5, Subtitle 9 or Subtitle 10 of this article.

(c) The process for obtaining a permit for the automated teller machine is as stated in §§ 12-208 and 12-209 of this article.