§ 5–613
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 5-613 (2026)
Title 5. Banking Institutions -- General Provisions
Subtitle 6. Reorganizations
§ 5–613LinkCopy Citation
With the consent of the local governing body of any political subdivision that has money deposited with a banking institution, its treasurer or similar fiscal officer may:
(1)
Consent to a plan of reorganization proposed under this subtitle; and
(2)
Bind the political subdivision to limit withdrawals from the institution as provided in the plan.