§ 12–207
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 12-207 (2026)
Title 12. Miscellaneous Institutions and Activities
Subtitle 2. Foreign Banks
§ 12–207LinkCopy Citation
(a)
Except as provided in subsection (b) of this section, a foreign banking corporation may not have an office in this State for any purpose unless:
(1)
The foreign banking corporation obtains from the Commissioner a permit for the office; or
(2)
The office 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.
(b)
A foreign banking corporation that maintains another license issued by the Commissioner is exempt from obtaining a permit under this section.