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The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 233   View pdf image (33K)
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ART. 11]

BANKS AND TRUST COMPANIES.

233

ARTICLE XL

BANKS AND TRUST COMPANIES.

Bank Commissioner.

1. Appointment, term, bond, office, sal-
ary and removal of commis-
sioner.
2. Deputy commissioner and clerks.
Bonds.
3. Seal.
4. No Interested party shall examine
institution.
5. Commissioner to act as temporary
receiver.
6. Deputy to act in case of vacancy.
7. Commissioner or deputy to visit
State instiutions.
8. Commisisoner or deputy may exam-
ine officers and other witnesses.
9. Apparent insolvency or failure to
comply with the law.
10. Violation of this law by officers,
etc.
11. Penalty for willful violation.
12. Examination by commissioner upon
request.
13. Irregularities or bad management
disclosed by statement; failure to
furnish proper statement.
14. Facts and information to be kept
secret by commissioner and sub-
ordinates; penalty.
15. Commissioner and subordinates not
to become Indebted to banking
institution; nor sell securities ;
nor negotiate loans.
16. Examinations to be paid for by In-
stitutions; rate. Collection and
disposition of proceeds.
17. Appropriation.
18. Certified copies.
19. Annual report to Governor.

Banks.

20. Establishment of bank. Capital.
21. Articles of incorporation.

22. Execution, approval, certification
and record of articles.
23. Powers of corporation.
24. Subscriptions to stock and direction
of affairs prior to election of di-
rectors.
25. Examination by commissioner be-
fore business starts; certificate.
26. Directors. Officers. Notice of an-
nual meeting.
27. Reorganization of State bank as na-
tional bank.
28. Reorganization of national bank as
State bank.
29. Circulating notes or currency.
30. Savings department.

Savings Institutions.

31. Articles of association; — execution,
approval, certification and rec-
ord. Annual meetings.
32. No capital stock; proviso.
33. May receive and Invest deposits.
No loans to officers, etc. With-
drawals.
34. Guarantee fund — no impairment by
dividends or interest.
35. Dividends, interest and guarantee
fund.
36. Annual report to bank commis-
sioner.
37. Publication of reports.
38. Statement of depositors whose ac-
counts have been inactive for
twenty years; proviso.
39. Penalty for failure to comply with
preceding section.
40. Foreign corporations and resident
corporations and associations not
authorized to conduct business of
savings bank.
41. Application of sections 32-40.



 

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The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 233   View pdf image (33K)
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