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36. Any person or persons, or any company or
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association violating any of the provisions of this
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Penalty for
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act shall be subject to a fine of not less than one
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violation
|
hundred, nor more than one thousand dollars,which
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fines shall be sued for in the name of the State of
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Maryland, and collected as all other fines imposed
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by the laws of this State are now collectable; and
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any act, or part of an act, inconsistent with the pro-
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visions of this act be, and the same are hereby re-
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Proviso.
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pealed; provided, that no right of action accrued,
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or penalty incurred, under any, existing law repealed
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by this act, shall be thereby waived or annulled in
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any way, but the same may be enforced under said
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acts in the same way as if the repealing clause had
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Proviso.
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not been passed; and provided further, that where-
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by the laws of any other State taxes, fines or penal-
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ties or deposits of money or securities are imposed
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upon insurance companies incorporated or organized
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under the laws of this State, and transacting busi-
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ness in such other State, or upon the agent of such
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insurance companies not imposed by the laws of this
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State, so long as such laws continue in force, the
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same taxes, fines and penalties and deposits shall be
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imposed upon all agents or insurance companies of
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said State, doing business in this State. The deposit
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Deposit — with
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of money or securities required by this section shall
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whom made
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be made with the Insurance Commissioner of this
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State, who shall keep the same in the vaults or safe
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of the Safe Deposit Company of Baltimore, and no
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transfer by the Insurance Commissioner of such
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securities in any way held by him in his official
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capacity shall be valid, unless countersigned by the
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Countersign'd
by Comp-
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Comptroller of the State. It shall be the duty of
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troller.
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the Comptroller of the State to countersign any such
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transfer presented to him by the commissioner upon
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the joint application of the commissioner and the
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company to which said securities belong; to keep a
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Keep a record.
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record of all such transfers, stating the name of the
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company from whose account the transfer is made,
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the name of the transferee unless transferred in
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blank; and a description of the security. In his
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annual report to the Legislature to state the amount
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of transfers countersigned by him, for which service.
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Charge.
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the comptroller is authorized to charge and collect
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