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§ 5-808-2 — Maryland Law | CourtGPT
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  2. Laws/
  3. Maryland/
  4. Financial Institutions - Title 1 - Definitions; General Provisions/
  5. Title 5 - Banking Institutions -- General Provisions/
  6. Subtitle 8 - Prohibited Activities; Penalties/
  7. § 5-808-2
Maryland Legal Code

§ 5-808-2

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(a) In this section, 'extraordinary circumstances' means a situation presenting specific concerns about the prompt withdrawal of money from, or the safety and soundness of, a banking institution. (b) In extraordinary circumstances and with the consent of the banking institution, the Commissioner may close to the public a hearing concerning the assessment of a civil penalty, an order to cease and desist, or any other formal enforcement action by the Commissioner.