|
|
|
|
|
|
|
46 BANKS AND TRUST COMPANIES. [ART. XI
tion to engage or continue in business, he shall have power to require
such changes in said certificate as he may deem necessary. He shall
within sixty days after the date of the filing of such certificate for
examination, endorse upon each of the triplicates thereof, over his
official signature, the word "approved" or the word "refused" with the
date of such endorsement. In case of refusal he shall return one of the
triplicates so endorsed to the proposed incorporators. In case of
approval, the triplicates shall be returned to the proposed incorporators,
and shall then be submitted to one of the judges of the judicial circuit
in which the savings institution is to be located, in order that he may
determine whether the said articles are framed in accordance with exist-
ing laws. One copy shall then be filed for record in the office of the
Clerk of the Circuit Court in the county in which the institution is to
be located, or in the office of the Clerk of the Superior Court of Balti-
more City, when to be located in said city, and one copy shall be filed
with the Bank Commissioner, who shall issue his certificate therefor,
and one copy shall be filed with the State Tax Commission. The cor-
poration so formed shall have no legal existence until all copies of the
articles of association, shall have been filed for record as herein directed.
The fee for filing such articles of incorporation with the Bank Com-
missioner shall be ten ($10.00) dollars, and for filing amendments to
the articles of incorporation, five ($5.00) dollars, all such fees to be
collected by the Bank Commissioner. Provision shall be made in the
by-laws of the association for annual meetings for the purpose of elect-
ing directors and members, and the transaction of other business. Every
director shall take and subscribe an oath that he will diligently and
honestly perform the duties of such office, and will not knowingly
violate or permit a violation of any provision of this Article.
See notes to this section in volumes 1 and 3 of the Annotated Code.
1910, ch. 219, sec. 37 (p. 17). 1918, ch. 33, sec. 38.
38. In the month of October in the year one thousand nine hundred
and nineteen, and in every fourth year thereafter, prior to the meeting
of the General Assembly of Maryland, the treasurer of every savings
institution in the State shall deliver to the Bank Commissioner a written
statement, sworn to by him or by the president, containing the name
and the amount standing to his or her credit of every depositor who
shall not have made any deposit therein or drawn any money upon their
accounts for a period of twenty years next prior to the first day of
September preceding; provided that accounts of five dollars or less shall
not be so reported; and provided further, that this section shall not
apply to the deposit made by any person known to the said treasurer
to be living. The Commissioner shall communicate the statements
which shall be received by him in his next report to the Governor.
|
|
|
|
|
|
|
|
 |
