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3424 LAWS OF MARYLAND Ch. 892
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(7) Public transportation for hire
authorized to operate on the boardwalk in the Town of
Ocean City, Maryland.
(8) Company van pools.
(9) ARMORED VEHICLES USED TO TRANSPORT
PROPERTY WHICH CONSISTS EXCLUSIVELY OF COIN, CURRENCY,
STOCKS, BONDS, SECURITIES AND NEGOTIABLE INSTRUMENTS WITH
ARMED GUARDS IN ATTENDANCE FROM POINT OF PICKUP TO POINT
OF DELIVERY. PROVIDED, HOWEVER, THAT SUCH ARMORED CAR
CARRIERS SHALL COMPLY WITH THE PROVISIONS OF SECTION
31(A), (B) AND (C) OF THIS ARTICLE, EXCEPT AS BETWEEN
FIXED TERMINI AS DEFINED IN ARTICLE 66 1/2, 51-128. A
BANK LICENSED IN MARYLAND MAY NOT OPERATE ITS OWN ARMORED
CAR SERVICE, EITHER AS AN INDIVIDUAL BANK OR THROUGH A
HOLDING COMPANY.
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SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1977.
Approved May 26, 1977.
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CHAPTER 893
(Senate Bill 478)
AN ACT concerning
Commercial Law — Loans Secured by Investment Securities
FOR the purpose of providing that certain brokers or
dealers may charge any effective rate of simple
interest on loans secured by investment securities.
BY adding to
Article - Commercial Law
Section 12-103(f)
Annotated Code of Maryland
(1975 Volume and 1976 Supplement)
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SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That new Section 12-103(f) be and it is hereby
added to Article - Commercial Law, of the Annotated Code
of Maryland (1975 Volume and 1976 Supplement) to read as
follows;
Article - Commercial Law
12-103.
(F) A BROKER OR DEALER, WHO IS REGISTERED UNDER
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