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The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 253   View pdf image (33K)
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ART. 11] PENALTIES——CONSOLIDATION. 253.

located, in such condensed form as may be prescribed by the Bank Com-
missioner. Proof of said publication shall be furnished to the said
Bank Commissioner within fifteen days after the receipt of the afore-
said call. At least once in each year every bank and trust company
shall report to the Bank Commissioner on call by him a list of its stock-
holders, their residences and the amount of stock held by each, which
report shall be signed and verified by the oath and affirmation of one
of the officers of said bank or trust company. The Bank Commissioner
shall also have the power to call for special reports from any bank or
trust company whenever, in his judgment, the same is necessary to-
inform him fully of the condition of the bank or trust company.

1910, ch. 219, sec. 56 (p. 25).

57. Every banking institution failing to make and transmit to the
Bank Commissioner any of the reports or proofs of publication, as
required by this Article, shall be subject, at the discretion of the Bank
Commissioner, to a forfeiture of fifty ($50) dollars for each day after
the time required for making such reports. Whenever any banking
institution fails or refuses to pay the forfeiture herein imposed for a
failure to make and transmit such report, the Bank Commissioner is
hereby authorized to institute proceedings for the recovery of such
forfeiture.

1910. ch. 219. sec 57 (p. 20).

58. Any officer, director or employee of any banking institution
who shall wilfully and knowingly subscribe to or make or cause to be
made any false statement or false entry in the books of any bank, trust
company or savings institution, or shall knowingly subscribe to or
exhibit false papers, with the intent to deceive any person or persons
authorized to examine into the affairs of said bank, trust company or
savings institution, shall be deemed guilty of a felony and, upon con-
viction thereof, shall be punished by a fine of not more than five thou-
sand dollars, or by imprisonment in the State Penitentiary not more
than ten (10) years, or by both fine and imprisonment, in the discretion
of the court.

1910, ch. 219. sec. 58 (p. 26).

59. Any bank, savings institution or trust company heretofore
incorporated under any general or special law of this State, and any
bank, savings institution or trust company hereafter created under this
law, may consolidate with any other bank, savings institution or trust
company, respectively, whether heretofore incorporated under any-
general or special law of this State, or hereafter incorporated under
this law; said consolidation to be effected in the same manner as con-
solidations of corporations are now provided for under the general laws
of this State; but no such consolidation shall be made without the
consent of the Bank Commissioner, and not then to defeat or defraud"
any of the creditors of any such institution in the collection of their-

 

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The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 253   View pdf image (33K)
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