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Section 14-307 - General Cessation of Business During Emergency; Closing of Banking Institution — Maryland Law | CourtGPT
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  7. Section 14-307 - General Cessation of Business During Emergency; Closing of Banking Institution
Maryland Legal Code

Section 14-307 - General Cessation of Business During Emergency; Closing of Banking Institution

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(a) In this section, 'emergency' includes an emergency that results from fire, flood, riot, robbery, weather, or other cause. (b) If an emergency exists in a political subdivision, the Governor may proclaim a day for the general cessation of business in that political subdivision. (c) If an emergency exists as to a banking institution, the Governor: (1) may proclaim a day on which the banking institution may remain closed; and (2) shall limit the proclamation to the principal banking office and branch offices of the banking institution that the emergency affects.