This subtitle does not: (1) Affect any affiliate, if the affiliation existed on June 1, 1935; or (2) Apply to a purchase by a banking institution of the stock of a small business investment company under the federal Small Business Investment Act of 1958, except that the value at which the purchased shares are carried on the […]
(a) Subject to this section, a banking institution may have an affiliate that: (1) Provides a financial, fiduciary, or insurance service to the banking institution, its other affiliates, or the public; or (2) If it is an affiliate under § 5–401(b)(1)(i) of this subtitle, conducts an activity that is permissible for a banking institution. (b) Except as provided in […]
The Commissioner has the same authority to examine the business of an affiliate that the Commissioner has as to a banking institution.
(a) Except as provided in this section, or otherwise expressly provided by State law, a banking institution may not have a bank service corporation. (b) If the Commissioner approves, a banking institution may have a bank service corporation. (c) On application of the banking institution, a bank service corporation shall be approved if: (1) The Commissioner determines that approval […]
The Commissioner has the same authority to examine the business of a bank service corporation that the Commissioner has as to a banking institution.
A banking institution may not permit any bank services to be performed for it, whether by contract or otherwise, unless the banking institution and the person performing the bank services give the Commissioner satisfactory assurances that the performance of the bank services will be subject to regulation and examination by the Commissioner to the same […]
