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The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 237   View pdf image (33K)
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ART. 11] BANK COMMISSIONER. 237

1910, ch. 210, sec. 12 (p. 9).

12. The Bank Commissioner shall examine, or cause to be exam-
ined, any institution named in this Article when requested by the
board of directors of such institution.

1910. ch. 219, sec. 13 (p. 9).

13. The Bank Commissioner shall examine each statement received
as provided to be made in this Article by the banking institutions, and
when in his judgment any irregularities or bad management are dis-
closed therein, or if such statement is not furnished within the time
limit required, or if furnished, does not in all respects conform to the
requirements set forth in this Article, he shall examine into the condi-
tion and verify the report of any such institution.

1910. ch. 219. sec. 14 (p. 9).

14. The Bank Commissioner, his Deputy and every clerk in his
department shall be bound by oath to keep secret all the facts and
information obtained in the course of such examination, except so far
as the public duty of such officer requires him to report upon or take
special action regarding the affairs of any banking institution and
except when called as a witness in any criminal proceeding or trial in
a court of justice. If any Bank Commissioner, Deputy or Clerk in
such department shall disclose the name of any debtor of any banking
institution, or anything relative to the private accounts or transactions
of such institution, or shall disclose any fact discovered in the course
of his examination, except as herein provided, he stall be subject, on
conviction thereof, to forfeiture of his office and to the payment of not
more than one thousand dollars, or imprisonment not more than two
years, or both.

1910. ch. 219. sec. 15 (p. 9).

15. Neither the Bank Commissioner, Deputy Bank Commissioner
nor any of the Clerks in the employ of the Bank Commissioner's
office, shall become indebted to any banking institution, or shall engage-
or be interested in the sale of securities or in the negotiation of loans
for others, to or with any banking institution under penalty of for-
feiture of his office or employment.

1910. ch. 219, sec. 16 (p. 10).

16. The examination of banking institutions by the Bank Commis-
sioner shall be paid for by such institutions at the following rate for
the annual examination : When the aggregate a.ssets of the institution
are fifty thousand dollars, or less, twenty dollars. When more than
fifty thousand, but less than two hundred thousand, forty dollars. When
more than two hundred thousand, but less than five hundred thousand,
fifty dollars. When more than five hundred thousand, but less than
one million, sixty dollars. When more than one million, but less than
three million, seventy-five dollars. When more than three million, but

 

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The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 237   View pdf image (33K)
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