Md. Code, Financial Institutions § 5-613

Md. Code, Financial Institutions § 5-613
in effect
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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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi&section=5-613&enactments=falseFetched: 10/17/2026

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