reglab/housing_qa huggingface dataset:
MD. Financial Institutions Code Ann. §  5-606 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 6 - Reorganizations|Section 5-606 - Powers and Duties of Receiver

    (a)    (1)    The receiver may appoint any clerks needed to carry out the receivership.        (2)    The salaries of these clerks shall be paid out of the funds of the banking institution.    (b)    (1)    Notwithstanding subsection (a) of this section, the receiver of a nondepository trust company may, as needed to carry out the receivership:            (i)    Appoint any clerks, agents, counsel, employees, and assistants; and            (ii)    Retain officers and employees of the nondepository trust company.        (2)    The salaries and all other expenses of the individuals specified under paragraph (1) of this subsection that are court approved shall be paid from the assets of the nondepository trust company, the proceeds of the sale of securities pledged under § 3–211.1 of this article, or recovery against a surety bond delivered under § 3–211.1 of this article.        (3)    Any proceeds of a sale of pledged securities that remain after making the payments required under paragraph (2) of this subsection and § 5–604.1(a) of this subtitle shall be an asset of the nondepository trust company.    (c)    The receiver may borrow money and, with the approval of the court, pledge, mortgage, or encumber any of the institution’s assets to:        (1)    Pay the obligations of the institution;        (2)    Pay dividends to the depositors or creditors of the institution; or        (3)    Enable the institution to reopen or reorganize.    (d)    (1)    The receiver shall file with the court, in the form that the court requires, an itemized account of:            (i)    All receipts, disbursements, and expenses; and            (ii)    Any proposed distribution.        (2)    The court shall accept the account to the same extent as if an auditor of the court had prepared and filed the account.    (e)    (1)    Except as provided in paragraph (2) of this subsection, the receiver may not make any distribution until the court ratifies the receiver’s account.        (2)    With the approval of the court, the receiver may pay in full each creditor whose total claims do not exceed $5.
MD. Financial Institutions Code Ann. §  5-607 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 6 - Reorganizations|Section 5-607 - Deposits Made by Receiver

    (a)    All money received by the receiver shall be deposited to the receiver’s credit in any bank or trust company that the receiver chooses.    (b)    (1)    To safekeep and to secure payment of the money deposited with it, the depository bank or trust company shall deposit with the office of the Commissioner general obligations of or obligations guaranteed by the federal government, this State, or any of its political subdivisions.        (2)    These obligations shall be valued at the lower of market value or par value, and their value always shall be at least equal to the deposits of the receiver in the bank or trust company.    (c)    The receiver may waive this requirement for obligations for any money remaining more than 6 months after the dividend checks are mailed to the creditors and depositors.
MD. Financial Institutions Code Ann. §  5-608 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 6 - Reorganizations|Section 5-608 - Legal Fees

    If the court appoints an attorney to advise the receiver, the receiver shall set the attorney’s fees, subject to approval by the court.
MD. Financial Institutions Code Ann. §  5-609 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 6 - Reorganizations|Section 5-609 - Report of Commissioner to Court

    Within 6 months after taking possession of any banking institution, the Commissioner shall file with the court a complete and detailed report on the institution.
MD. Financial Institutions Code Ann. §  5-610 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 6 - Reorganizations|Section 5-610 - Commissioner May Permit Reopening

    As long as an examiner is in possession of any banking institution, the Commissioner may permit the institution to reopen under the conditions that the Commissioner approves and take the steps necessary to wind up any pending court proceeding.
MD. Financial Institutions Code Ann. §  5-611 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 6 - Reorganizations|Section 5-611 - Plan of Reorganization -- Proposal

    (a)    The board of directors or the depositors representing not less than 25 percent of the deposit liability of any banking institution that is in the possession of a receiver may:        (1)    Propose a plan of reorganization for the reorganization and reopening of the banking institution or for the establishment of a new State banking institution, national banking association, or other corporation that they consider necessary; and        (2)    Choose a committee to represent them to carry out the plan.    (b)    (1)    The plan for reorganization of a commercial bank may provide for:            (i)    The voluntary surrender or exchange of all or part of the outstanding capital stock of the commercial bank and the resale of that stock;            (ii)    The sale of additional authorized stock;            (iii)    The voluntary subscription or contribution by depositors and creditors to a guaranty fund; and            (iv)    Any other protection for the depositors and creditors.        (2)    The plan for reorganization of a savings bank may provide only for the voluntary subscription or contribution by depositors and creditors to a guaranty fund.
MD. Financial Institutions Code Ann. §  5-613 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 6 - Reorganizations|Section 5-613 - Plan of Reorganization -- Consent of Political Subdivisions

    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.
MD. Financial Institutions Code Ann. §  5-614 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 6 - Reorganizations|Section 5-614 - Rights of Federal Deposit Insurance Corporation

    (a)    If the Federal Deposit Insurance Corporation is receiver of a banking institution, the Corporation may:        (1)    Operate the trust department of the institution; and        (2)    Liquidate the institution as provided in this subtitle or under federal law.    (b)    (1)    This subsection applies whether or not the Federal Deposit Insurance Corporation is the receiver of the banking institution.        (2)    If the Federal Deposit Insurance Corporation pays the insured deposit liabilities of a banking institution, it is subrogated to the rights of the depositors against the institution to the same extent as it would be subrogated to the rights of the depositors against a closed national banking association under federal law.        (3)    The rights of the depositors and creditors of the banking institution are governed by the laws of this State.
MD. Financial Institutions Code Ann. §  5-615 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 6 - Reorganizations|Section 5-615 - Preference for Property Held in Fiduciary Capacity

    In the distribution of the general assets of a trust company that is liquidated or reorganized, the person who succeeds the trust company as a personal representative, guardian, trustee, receiver, or other fiduciary has a preference for all debts and accounts that are due to or held by it as fiduciary over all other debts and liabilities, including salaries and wages of employees.
MD. Financial Institutions Code Ann. §  5-701 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 7 - Bank Holidays|Section 5-701 - Definitions

    (a)    In this subtitle the following words have the meanings indicated.    (b)    “Federal holiday” means, as to each corresponding legal holiday, the date that the federal government designates for observance of the holiday.    (c)    “Optional bank holiday” means a day on which a banking institution is authorized to be closed.
MD. Financial Institutions Code Ann. §  5-702 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 7 - Bank Holidays|Section 5-702 - Scope of Subtitle

    For the purposes of this subtitle, the operation of an automated teller machine or the conduct of internal operations by a banking institution does not constitute being open for business.
MD. Financial Institutions Code Ann. §  5-703 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 7 - Bank Holidays|Section 5-703 - Required Business Days

    (a)    Except as provided in subsection (b) of this section, a banking institution shall be open for business on each day during the year except for the days on which the banking institution is required or authorized by this subtitle to be closed.    (b)    The Commissioner may approve the operation of a branch that is open for business fewer days than described in subsection (a) of this section if the Commissioner determines that:        (1)    The branch will serve a customer base or community that has unique banking needs;        (2)    At least 1 other branch of the banking institution is open for business as described in subsection (a) of this section; and        (3)    The operation of the branch will not be detrimental to the public interest or to banking institutions.
MD. Financial Institutions Code Ann. §  5-704 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 7 - Bank Holidays|Section 5-704 - Sundays

    Each banking institution shall be closed on Sunday.
MD. Financial Institutions Code Ann. §  5-705 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 7 - Bank Holidays|Section 5-705 - Legal Holidays

    (a)    (1)    Subject to paragraph (2) of this subsection, each banking institution shall be closed on the following legal holidays:            (i)    New Year’s Day;            (ii)    Dr. Martin Luther King, Jr.’s Birthday;            (iii)    Washington’s Birthday;            (iv)    Good Friday;            (v)    Memorial Day;            (vi)    Independence Day;            (vii)    Labor Day;            (viii)    Columbus Day;            (ix)    Veterans’ Day;            (x)    Thanksgiving Day; and            (xi)    Christmas Day.        (2)    (i)    When a legal holiday differs from the corresponding federal holiday, a banking institution:                1.    May be closed on both holidays; and                2.    Shall be closed on one of the holidays.            (ii)    When there is no corresponding federal holiday for a legal holiday listed in paragraph (1) of this subsection, a banking institution:                1.    May be closed on the legal holiday; or                2.    May remain open on the legal holiday.    (b)    (1)    Each legal holiday that is not listed in subsection (a) of this section is an optional bank holiday.        (2)    When, as to any optional bank holiday, the legal holiday differs from the corresponding federal holiday, a banking institution may be closed on:            (i)    Both holidays;            (ii)    The legal holiday; or            (iii)    The federal holiday.
MD. Financial Institutions Code Ann. §  5-706 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 7 - Bank Holidays|Section 5-706 - Saturdays

    (a)    Saturday is an optional bank holiday.    (b)    A banking institution that opens for business on Saturday may close at noon.
MD. Financial Institutions Code Ann. §  5-707 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 7 - Bank Holidays|Section 5-707 - Emergencies

    (a)    In this section, “emergency” has the meaning stated in § 14-307 of the Public Safety Article.    (b)    (1)    If the Governor proclaims that an emergency exists in a political subdivision and designates days for the general cessation of business in the subdivision, each banking office that is located within the subdivision shall be closed on those days.        (2)    If the Governor proclaims that an emergency exists in a political subdivision, the Governor may designate days on which each banking office that is located within the subdivision may be closed.        (3)    If the Governor proclaims that an emergency exists as to a particular banking office, that office may be closed on those days that the Governor designates.        (4)    When the Governor authorizes, but does not require, the banking institution to be closed, the chairman of its board of directors or its president shall decide whether to close or remain open.    (c)    (1)    If an emergency exists and affects a banking institution and if it is not practical to obtain a proclamation from the Governor before closing the affected institution, the chairman of its board of directors or its president:            (i)    May close the banking institution; and            (ii)    As soon as possible, but within 24 hours after the closing, shall notify the Governor of the reasons for the closing.        (2)    A banking institution may be closed under this subsection until the earlier of:            (i)    Issuance by the Governor of a proclamation that relates to the emergency closing;            (ii)    Notice to the banking institution that the Governor will not issue a proclamation;            (iii)    Reopening of the banking institution by the chairman of its board of directors or by its president; or            (iv)    5 p.m. on the third day after the closing, except for Saturdays, Sundays, and legal holidays.
MD. Financial Institutions Code Ann. §  5-708 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 7 - Bank Holidays|Section 5-708 - Action by Directors

    A banking institution shall be open for business or shall be closed on optional bank holidays, as the directors of the banking institution may specify by resolution.
MD. Financial Institutions Code Ann. §  5-801 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 8 - Prohibited Activities; Penalties|Section 5-801 - Removal of Director or Officer for Unsafe or Unsound Practices

    (a)    If the Commissioner believes that a director or officer of a banking institution has engaged in an unsafe or unsound banking practice, the Commissioner shall send a warning to the director or officer.    (b)    (1)    If the Commissioner finds that the director or officer has continued to engage in the unsafe or unsound practice, the Commissioner may report the facts to the Secretary of Labor and the Attorney General.        (2)    A copy of the report shall be sent by certified mail, return receipt requested, bearing a postmark from the United States Postal Service, to each director of the banking institution.    (c)    (1)    After giving the officer or director an opportunity to be heard, if the Commissioner finds that the unsafe or unsound practice continued after the warning, the Commissioner with the approval of the Secretary of Labor may remove the officer or director.        (2)    A copy of the removal order shall be served on the individual removed and the banking institution.
MD. Financial Institutions Code Ann. §  5-802 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 8 - Prohibited Activities; Penalties|Section 5-802 - Violations of Law

    (a)    If the Commissioner believes that a banking institution or any of its directors, officers, trustees, managers, agents, or employees has violated any provision of this article that relates to the institution, the Commissioner immediately shall report the violation to the Secretary of Labor, who shall ask the Attorney General to take the appropriate steps to institute a prosecution for the violation.    (b)    (1)    The Commissioner shall send a warning to a director or officer of a banking institution who the Commissioner believes has violated any provision of this article that relates to the institution.        (2)    If, after the warning, the director or officer continues to violate the law, the director or officer may be removed as provided in § 5–801 of this subtitle.    (c)    Unless another penalty specifically is provided elsewhere in this article, any banking institution and any director, officer, trustee, manager, agent, or employee of a banking institution who violates any provision of this article that relates to the institution is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $3,000 or imprisonment not exceeding 5 years or both.
MD. Financial Institutions Code Ann. §  5-803 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 8 - Prohibited Activities; Penalties|Section 5-803 - False Records

    (a)    An officer, director, or employee of a bank, trust company, or savings bank may not willfully and knowingly make or cause to be made a false statement or false entry in its records or, with the intent to deceive a person authorized to examine the affairs of the bank, trust company, or savings bank, sign or exhibit false records.    (b)    Any officer, director, or employee who violates any provision of this section is guilty of a felony and on conviction is subject to a fine not exceeding $5,000 or imprisonment not exceeding 10 years or both.
MD. Financial Institutions Code Ann. §  5-804 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 8 - Prohibited Activities; Penalties|Section 5-804 - Acceptance of Deposits for Insolvent Institution

    (a)    An officer or employee of a banking institution may not accept a deposit knowing that the institution is insolvent.    (b)    An officer or employee who violates any provision of this section is guilty of a misdemeanor and on conviction is subject to imprisonment in the State Penitentiary for a period not exceeding 3 years.
MD. Financial Institutions Code Ann. §  5-805 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 8 - Prohibited Activities; Penalties|Section 5-805 - Derogatory Statements

    (a)    A person may not willfully make, circulate, or send to another any untrue statement that is derogatory to the financial condition or affects the solvency or financial standing of any bank, trust company, or savings bank doing business in this State or counsel, aid, procure, or induce another to make, circulate, or send to another such a statement.    (b)    Any person who violates any provision of this section is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $1,000 or imprisonment not exceeding 3 years.
MD. Financial Institutions Code Ann. §  5-806 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 8 - Prohibited Activities; Penalties|Section 5-806 - Unauthorized Representation as Bank or Savings and Loan Association

    (a)    Except for a bank, trust company, savings bank, or savings and loan association that is authorized to do business in this State, a person may not use any name, title, or other words that represent that the person is authorized to do the business of banking in this State.    (b)    (1)    (i)    In this subsection the following terms have the meanings indicated.            (ii)    1.    “Bank” means any bank, trust company, savings bank, or savings and loan association that is authorized to do business in this State, and any subsidiary or affiliate of the entity.                2.    “Bank” includes any Farm Credit System  institution in this State.            (iii)    “Name” means the name, trade name, trademark,  service mark, logo, or tagline used by a bank to identify itself.        (2)    Except with the consent of the bank, a person may not use the name of a bank or any term or design that is similar to the name of a bank in any marketing material provided to another person or in any solicitation of another person in a manner  that may cause a reasonable person to be confused, mistaken, or deceived that the marketing material or solicitation:            (i)    Originated from the bank;            (ii)    Originated from someone affiliated, connected, or associated with the bank;            (iii)    Is approved or sponsored by the bank; or            (iv)    Is the responsibility of the bank.    (c)    In addition to any other remedies a bank may have under any other provision of law, a bank that is affected by a violation of subsection (b) of this section may bring an action against the person that committed the violation to recover:        (1)    Actual damages sustained as a result of the violation;        (2)    Either:            (i)    All profits attributable to the violation; or            (ii)    $1,000 for each violation; and        (3)    Court costs and reasonable attorney’s fees.    (d)    Any person who violates subsection (a) of this section is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $3,000 or imprisonment not exceeding 5 years or both.
MD. Financial Institutions Code Ann. §  5-807 (2021)
2021 Maryland Statutes|Financial Institutions|Title 5 - Banking Institutions -- General Provisions|Subtitle 8 - Prohibited Activities; Penalties|Section 5-807 - Anticompetitive, Unfair, or Deceptive Practices

    (a)    A banking institution may not:        (1)    Issue an advertisement or make a representation that is false, misleading, or deceptive;        (2)    Impose as a condition for a loan any restriction on obtaining credit, property, or service from a competitor unless the restriction is reasonably necessary to secure the loan;        (3)    Impose as a condition for a service any restriction on obtaining credit, property, or service from a competitor; or        (4)    Engage in an act or practice that is anticompetitive, unfair, deceptive, or injurious to public interest.    (b)    The Commissioner may further define specific acts or practices that are anticompetitive, unfair, deceptive, or injurious to the public interest.    (c)    A banking institution and any director, officer, trustee, manager, agent, or employee of a banking institution who violates any provision of this section is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $3,000 or imprisonment not exceeding 5 years or both.