Section 1-405 - Foreign banking corporation(a) "Foreign banking corporation" has the meaning stated in § 12-201(e) of this article.(b) A foreign banking corporation may not have an automated teller machine in this State for any purpose unless:(1) The foreign banking corporation obtains from the Commissioner a permit for the automated teller machine; or(2) The automated teller machine is authorized under:(i) The Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 or other federal law; or(ii) Title 5, Subtitle 9 or Subtitle 10 of this article.(c) The process for obtaining a permit for the automated teller machine is as stated in §§ 12-208 and 12-209 of this article.