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<section article="gfi" article_name="Financial Institutions" number="3-704" title_number="3" title_name="Banking Institutions -- Commercial Banks" subtitle_number="7" subtitle_name="Consolidations, Mergers, and Transfers of Assets">
  <level label="a">
    <level label="1">
      <text>Except as provided in subsection (b) of this section, the Commissioner shall publish a notice of the filing of the agreement.</text>
    </level>
    <level label="2">
      <text>The notice shall be published in the Maryland Register as provided in the State Documents Law.</text>
    </level>
  </level>
  <level label="b">
    <text>Subject to confirmation by the Secretary of Labor, the Commissioner may approve an agreement without the notice required by this section if:</text>
    <level label="1">
      <text>The agreement and proposed transaction meet the requirements of § 3–706 of this subtitle;</text>
    </level>
    <level label="2">
      <text>The financial condition or stability of one of the constituent banks is such that a delay of the proposed transaction will cause an economic hardship to it; and</text>
    </level>
    <level label="3">
      <text>Approval of the agreement is in the public interest.</text>
    </level>
  </level>
</section>
