Section 5-1007 - Same - Time limitations.
§ 5-1007. Same - Time limitations.
(a) In general.- The Commissioner shall decide whether to approve the establishment of a branch of a banking institution within 30 days of receipt of the notice specified in § 5-1005 of this subtitle.
(b) Approval upon expiration of time.- A branch shall be deemed approved if the Commissioner takes no action on the notice within the time limit specified in this section.
[1995, ch. 213, § 2.]