382 LAWS OF MARYLAND. [Ch. 194]

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That sections 7, 9, 10, 16, 35, 36, 57, 64 and 74 of
Article 11, title "Banks," of the Code of Public General Laws
of 1904, as amended by Chapter 219 of the Acts of the Gen-
eral Assembly of Maryland of 1910, be and the same are here-
by repealed and re-enacted with amendments, and to read as
follows:

7. The commissioner, deputy commissioner or an exam-
iner appointed by the commission shall at least once in each
year, and whenever he considers it expedient, visit each bank-
ing institution in this State, other than national banks. At
such visits he shall, in the presence of one of the officers of
the institution, have free access to the vaults, books and papers,
and he shall inspect and examine the affairs of the institution,
to ascertain its condition and see whether it complies with the
provisions of law. Any additional examination other than the
annual examination shall be made at the expense of the bank-
ing department.

9. Whenever the Bank Commissioner shall, upon examina-
tion have reason to believe that the capital stock of any insti-
tution to which this act is applicable, is reduced by impair-
ment, the said Bank Commissioner may require such institu-
tion to make good the deficiency within sixty days after the
day of such requisition, and if said institution shall fail to
comply with said request within the time prescribed, the Bank
Commissioner may forthwith take possession of the property
and business of such institution and retain such possession
until such institution shall resume business or its affairs be
finally liquidated as herein provided.

10. Whenever it shall appear to the Bank Commissioner,
upon examination, that any institution to which this act is
applicable is conducting its business in an unsafe or unauthor-
ized manner, or if any such institution shall refuse to submit
its books, papers and concerns to the examination of the Bank
Commissioner, or if any such institution shall neglect or refuse
to observe an order of the Bank Commissioner as specified in
section 9 of this act, the Bank Commissioner may with the
written consent of the Governor and Attorney General, obtained
prior thereto, forthwith take possession of the property and
business of such institution and retain possession until such
institution shall resume business or its affairs be finally liqui-
dated as herein provided. On taking possession of the prop-
erty and business of any such institution the Bank Commis-
sioner shall forthwith give notice of such fact to any and all
banks, trust companies, associations and individuals holding