584 CORPORATIONS. [ART. 23

else, with the name of such banks or places of deposit, and the amount
deposited in, each, and such other information as the said treasurer may
require; such report shall also state all the liabilities of such corpora-
tion, the amount due depositors, which shall include any dividend to
be credited to them and any other debts or claims against such corpora-
tion which are or may be a charge upon its assets. And the said treas-
urer may require that a like report, either wholly or in part., as to the
particulars aforesaid, be made to him at any other time by any such
corporation aforesaid within such period as he may designate.*

It is difficult to see how the failure of officers of a corporation to make the
reports required by this section can properly be used against directors, to
show negligence, or that they were not informed as to the company's condi-
tion. Thomas v. Penniman. 105 Md. 476.

This section referred to in construing section 116—see notes thereto. Coul-
bourn v. Boulton, 100 Md. 354; Murphy v. Wheatley, 100 Md. 362.

As to safe deposit companies, see also sec. 356.

See also, sec. 378, et seg.

1904, art. 23, sec. 95. 1892, ch. 109, sec. 85 B. 1910, ch. 219 (p. 6).

107. It shall be the duty of said treasurer, yearly, either personally
or by some competent person or persons, to be appointed by him, to
visit and examine every such corporation having an office or place of
business in this State required by section 106 to report as aforesaid.
The said treasurer and every such examiner shall have power to admin-
ister an oath to any person whose testimony may be required in the
prosecution of any such examination, and all books and papers which
it may be deemed necessary to examine by the treasurer or examiner by
him appointed shall be produced. The expenses of every such examina-
tion, not to exceed twenty-five dollars, shall be; paid by the corporation
so examined. Whenever such examination shall be made by the treas-
urer personally, or by one or more of the regular clerks in his office, no
charge shall be made for such examination, but only for necessary
travelling and other actual expenses incurred by such examination.*

This section referred to in construing section 116—see notes thereto.
Coulbourn v. Boulton, 100 Md. 354.

Ibid. sec. 96. 1892, ch. 109, sec. 85 c. 1910, ch. 219 (p. 6).

108. On every such examination, inquiry shall be made as to the
condition and resources of the corporation generally, the mode of con-
ducting and managing its affairs, the action of its officers, directors,
managers, and those having charge of its business conduct, the invest-
ments of its funds, the safety and prudence of its management, the
security afforded to those by whom its engagements are held and whether
the requirements of its charter and of the law have been complied with-
in the administration of its affairs.*

This section referred to in construing section 116—see notes thereto.
Coulbourn v. Boulton, 100 Md. 354.

*This section, so far as it related to trust companies, was repealed by the act
of 1910, ch. 219 (p. 6). As to trust companies, see art. 11, sec. 42, et seq.