EDWIN WARFIELD, ESQ., GOVERNOR.

597

CHAPTER 337.

AN ACT to add an additional section to Article 23 of the

Code of Public General Laws of Maryland, title "Corpora-

tions," sub-title "General Regulations," to follow imme-

diately after Section 85L of said Article, to be known as Sec-

tion 85Li of said Article relating to the liability of stock-

holders to creditors and depositors of safe deposit, trust,

guarantee, loan and fidelity companies.

SECTION 1. Be it enacted by the General Assembly of Mary-

"Corpora-

land, That a new section be and the same is hereby added to

tions" —
"General

Article 23of the Code of Public General Laws, title' "Corpora-

Regulations,"

tions," sub-title "General Regulations," to follow immediately

after Section 85L of said Article, and to appear therein as

Section 85L1, and to read as follows:

85L1. The exclusive remedy for the enforcement against

stockholders of all rights existing under the Code of Public

Stockholders—
All rights ex-

General Laws, Article 23, Section 85L, as said section stood

kting.

before the repeal thereof by the Act of 1904, entitled "An Act

to repeal Section 85L of Article 23 of the Code of Public Gen-

eral Laws, title 'Corporations,' sub-title 'General Regula-

tions,' as enacted by the Acts of 1892, Chapter 109, and to re-

enact the same with amendments," and existing at the time of

the passage thereof, and which were declared by said Act not

to be affected by the terms thereof, shall be, as against stock-

Against stock-
holders by

holders residing in the State of Maryland, by bill in equity in

bill in equity.

the nature of a creditors' bill filed against such stockholders

by one or more creditors on behalf of themselves and all other

creditors of the corporation who may come in and make them-

selves parties thereto, in a court having jurisdiction within the

limits of the county or the City of Baltimore in which, as the

case may be, the principal office of the corporation is situated

at the time of the filing of the bill, or, in case any such corpora-

tion has, by reason of having been placed in the hands of a re-

ceiver, or from any other cause, ceased to have any principal

office at the time of the filing of the bill, then the bill shall be

filed in a court having jurisdiction within the limits of the

county or the City of Baltimore in which, as the case may be,

the said corporation had its last principal place of business ; and

to any such bill stockholders residing beyond the limits of the

State of Maryland may become parties defendant, and upon

Parties defend-

so becoming parties shall not be proceeded against in any other

ant.

State or Territory or in the District of Columbia in respect of