(a)The board of directors of the converting association shall deliver to the Commissioner: (1)A certified copy of the minutes of the meeting at which the conversion was approved; and (2)The executed charter amendments and a conformed copy. (b)On receipt of the minutes and charter amendments under subsection (a) of this section, the Commissioner shall: (1)Endorse the executed copy of the charter amendments as approved; and (2)Send to the converting association: (i)The endorsed copy; and (ii)A final order of approval of the conversion to a commercial bank.

Any applicant aggrieved by the action or nonaction of the Commissioner under this subtitle may appeal to the Circuit Court for Baltimore City.

(a)After the final order of approval, the board of directors of the converting association shall file the endorsed charter amendments with the State Department of Assessments and Taxation. (b)When the State Department of Assessments and Taxation accepts the charter amendments for record, the stock association becomes a commercial bank.

This legal document governs the powers and restrictions of a capital stock savings and loan association that has been converted to a commercial bank under the Code of Maryland, Financial Institutions, Title 9, SubTitle 6. The converted commercial bank is granted all the powers of, and is subject to all the restrictions imposed on, a commercial bank under the relevant article. However, there are certain exemptions provided. The commercial bank resulting from the conversion may hold assets or conduct business activities that do not conform with applicable law for a period of 5 years after the conversion, and with Commissioner approval, for an additional period not exceeding 5 years.

This section of the Code of Maryland, Financial Institutions, Title 1, SubTitle 3, governs the disclosure of financial records by fiduciary institutions in Maryland. It applies to fiduciary institutions, including their officers, employees, agents, and directors. The document prohibits the disclosure of financial records relating to a customer unless certain conditions are met. These conditions include customer authorization, court-appointed guardianship, appointment of a guardian for disabled customers, appointment of a personal representative for deceased customers, requests from the Department of Human Services for public assistance verification, requests from adult protective services program investigating financial abuse or exploitation, requests from the Child Support Administration, and requests from the Comptroller for tax-related information.

The document provides definitions and terms related to automated teller machines (ATMs) and access areas. It applies to operators of ATMs, customers who have been issued access devices, and individuals using access areas. The document clarifies that access areas do not include publicly maintained streets or highways or adjacent sidewalks. It specifies exemptions for certain devices used solely for check guarantees or authorizations, person-to-person cash transactions, and payment of goods or services.

This legal document, found in the Code of Maryland under Title 12, SubTitle 4, governs the licensing requirements and background checks for applicants and licensees in the financial institutions industry. It outlines the information that applicants or licensees need to provide to the Nationwide Multistate Licensing System (NMLS) regarding their identity, including fingerprints for criminal history background checks. Sole proprietorships need to submit personal history and experience information, while corporations or other business entities need to provide business history and personal history for control persons.

This legal document provides definitions for key terms related to safe-deposit boxes and safe-deposit companies. It states that a safe-deposit box is a locked box or safe used by another person for the storage or safekeeping of property, and a safe-deposit company is a person engaged in the business of renting safe-deposit boxes to others. The document also specifies the access rights to safe-deposit boxes rented by fiduciaries. It states that a safe-deposit company may not permit access to the safe-deposit box by any person other than the fiduciary, and if the safe-deposit box is rented to multiple fiduciaries, access must be granted by all fiduciaries in person.

The provided legal document content covers various aspects related to the formation, operation, and governance of State banks, trust companies, and commercial banks in Maryland. It includes definitions of key terms, requirements for articles of incorporation, powers and provisions applicable to trust companies, establishment of branches, capital stock and surplus requirements, regulations for nondepository trust companies in receivership, obtaining a certificate of authority for commercial banks, amendments to charters, liabilities and loans of commercial banks, consolidation, merger, or transfer of assets among banks, conversion of institutions, voluntary dissolution of commercial banks, and distribution of assets in the dissolution of a trust company.

This legal document, found in the Code of Maryland under the Financial Institutions section, specifically Title 4, Subtitle 8, governs the reorganization of savings banks into mutual holding companies. It allows savings banks to submit an application for approval of reorganization to the Commissioner. The reorganization must be approved by the savings bank itself. The application for approval of reorganization should include a brief statement summarizing the plan of reorganization, proposed articles of incorporation of the subsidiary savings bank, a statement of approval by the savings bank, and a statement of the manner of approval.