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3425
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MARVIN MANDEL, Governor
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THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED, AND
UNDER TITLE 11 OF THE CORPORATIONS AND ASSOCIATIONS
ARTICLE OF THE ANNOTATED CODE OF MARYLAND, AND WHO
EXTENDS CREDIT TO A CUSTOMER ON PLEDGED SECURITIES, MAY
CHARGE THE CUSTOMER ON HIS DEBIT BALANCE INTEREST AT ANY
RATE IF:
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(1)
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THE DEBIT BALANCE IS PAYABLE ON DEMAND;
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AND
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(2)
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THE DEBIT BALANCE
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IS SECURED BY
11-101 (C) OF THE
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SECURITIES AS DEFINED IN SECTION
CORPORATIONS AND ASSOCIATIONS ARTICLE.
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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 894
(Senate Bill 509)
AN ACT concerning
Maryland Veterans Commission
FOR the purpose of adding the President of the Maryland
Retired Officers Association and the department
commander of the Polish American War Veterans to the
advisory Maryland veterans committee.
BY repealing and reenacting, with amendments,
Article 96 1/2 ? Veterans
Section 3
Annotated Code of Maryland
(1964 Replacement Volume and 1976 Supplement)
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SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section 3 of Article 96 1/2 - Veterans, of
the Annotated Code of Maryland (1964 Replacement Volume
and 1976 Supplement) be and it is hereby repealed and
reenacted, with amendments, to read as follows:
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Article 96 1/2 - Veterans
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3.
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The Governor shall appoint a Commission to be known
as the "Maryland Veterans Commission," to be composed of
nine Maryland veterans, one of whom shall be designated
by the Secretary of Human Resources as chairman. Each
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