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The Annotated Code of the Public General Laws of Maryland, 1914
Volume 373, Page 246   View pdf image (33K)
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246 CORPORATIONS. [ART. 23

1912, cb. 824, sec. 26A.

244H. (Application for Receiver, Etc.) No application for in-
junction against or proceedings for the dissolution of or the appoint-
ment of a receiver for any such domestic association or branch thereof
shall be entertained by any court in this State unless the same is made
by the Attorney-General.

1912, ch. 824, sec. 27A.

2441. (Examination of Foreign Associations.) The Insurance
Commissioner, or any person whom he may appoint, may examine any
foreign association transacting or applying for admission to transact
business in this State. The said commissioner may employ assistants,
and he, or any person he may appoint, shall have free access to all the
books, papers and documents that relate to the business of the associa-
tion, and may summon and qualify as witness under oath and examine
its officers, agents and employees and other persons in relation to the
affairs, transactions and condition of the association. He may, in
bis discretion, accept in lieu of such examination the examination of
the Insurance Department of the State, territory, district, province or
country where such association is organized. The actual expense of
examiners making any such examination shall be paid by the associa-
tion upon statement furnished by the Insurance Commissioner. If
any such association or its officers refuse to submit to such examination
or to comply with the provisions of the section relative thereto, the
authority of such association to write new business in this State shall
be suspended or license refused until satisfactory evidence is furnished
the commissioner relating to the condition and affairs of the associa-
tion, and during such suspension the association shall not writ© new
business in this State.

1912, ch. 824, sec. 28A.

244J. (No Adverse. Publications.) Pending, during or after an
examination or investigation of any such association, either domestic or
foreign, the Insurance Commissioner shall make public no financial
statement, report or finding, nor shall he permit to become public any
financial statement, report or finding affecting the status, standing or
rights of any such association, until a copy thereof shall have been served
upon such association at its home office, nor until such association shall
have been afforded a reasonable opportunity to answer any such financial
statement, report or finding, and to make such showing connection there-
with as it may desire.

1912, ch. 824, sec. 29A.

244K. (Revocation of Licenses.) When the Insurance Commis-
sioner on investigation is satisfied that any foreign association trans-
acting business under this sub-title has exceeded its powers, or has failed
to comply with any provisions of this sub-title, or is conducting busi-

 

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The Annotated Code of the Public General Laws of Maryland, 1914
Volume 373, Page 246   View pdf image (33K)
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