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§ 6-906-2 — Maryland Law | CourtGPT
  1. Home/
  2. Laws/
  3. Maryland/
  4. Financial Institutions - Title 1 - Definitions; General Provisions/
  5. Title 6 - Credit Unions/
  6. Subtitle 9 - Prohibited Activities; Penalties/
  7. § 6-906-2
Maryland Legal Code

§ 6-906-2

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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 credit union. (b) In extraordinary circumstances and with the consent of the credit union, 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.