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Md. Code, Fin. Inst. § 12-207

Md. Code, Fin. Inst. § 12-207

Maryland · Maryland Code, Financial Institutions · Status: effective

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Md. Code, Fin. Inst. § 12-207, Maryland, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1772829
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(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.