Maryland Statutes
§ 5-601
Maryland § 5-601
This text of Maryland § 5-601 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Financial Institutions § 5-601 (2026).
Text
(a)The board of directors of any banking institution may place the banking institution, including its property, records, and business, in the hands of the Commissioner by posting on the front door of each banking office of the institution a notice that states: “This institution is in the hands of the Maryland Commissioner of Financial Regulation”.
(b)The banking institution immediately shall notify the Commissioner of its action, and the Commissioner immediately shall take possession of the institution.
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Bluebook (online)
Maryland § 5-601, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gfi/5-601.