,1835.

LAWS OF MARYLAND.

CHAT. 319.

notes, hills, obligations or money received on deposit,

the holder of such note, bill or obligation, or the per-

son or persons entitled to demand and receive such mo-

ney, shall be respectively entitled only to demand and

receive as creditor, or as debtor, to claim and set off,

such part of the sum of its assets, as shall be actually

distributable and payable to such creditor or debtor, at

the time when such claim or demand may be made;

Provided, the affairs of said bank, shall be, or become,

before any such demand is made, or set off attempted,

in process of being wound up for equitable distribution

of its assets among all its creditors.

Assets to be distri-

SEC. 19. And bie it exacted. That if the said bank

buted

shall at any time suspend its payments, the assets

which said bank may hold, or be in any wise entitled

to, at the time of such suspension of payment, shall be

ratably distributed to and amongst ail the persons who

shall be its creditors at such tune, and to their assigns

respectively.

Notes may be re-stricted

SEC. 20. And be it enacted. That at any time here-

after, the notes or issues of this corporration, common-

ly called and known as bank notes, may be restricted

by the legislature, to a denomination not less than that

of the notes or issues of any other incorporated bank

within this State, the least denomination of whose notes

or issues shall be above five dollars.

To continue in free till 1860

SEC. 21. And be it enacted., That this act shall con-

tinue in force until the end of the year eighteen hun-

dred and sixty, and until the expiration of the next ses-

sion of the General Assembly, which shall happen

Power to revoke

thereafter, and the State hereby reserves to itself the

power to revoke this charter, if at any time said bank

shall refuse or neglect to pay specie for any of its notes