322 ARTICLE 11.

with take possession of the property and business of such institution and
retain possession, until such institution shall resume business or its affairs
be finally liquidated as herein provided. On taking possession of the prop-
erty and business of any such institution the Bank Commissioner shall
forthwith give notice of such fact to any and all banks, trust companies,
association, and individuals holding or in possession of any assets of such
institution, and shall also cause such notice to be given by advertisement
in such newspapers as he may direct, and also to cause a notice to be posted
on the front door of such institution as follows: " This institution is in
charge of the Bank Commissioner. " Immediately upon posting said last
mentioned notice by the Bank Commissioner, the property, assets and busi-
ness of such institution shall be considered to be in the possession of the
Bank Commissioner, which fact shall operate as a bar to any and all attach-
ments, liens, executions or distraints of any kind, and shall also operate to
place the assets of said institution in the hands of said Bank Commissioner,
as receiver, the same as if he had been appointed by an order of court.
Such institution may with the consent of the Bank Commissioner, or with
the consent of the court, resume business upon such conditions as the Bank
Commissioner may approve. Immediately upon taking possession of the
property and business of said institution the Bank Commissioner shall
forthwith cause proper proceedings to be instituted in the name of the State
of Maryland versus said institution, in a court of competent jurisdiction,
for the purpose of having the court assume jurisdiction over its property
and business for final liquidation. The said Bank. Commissioner shall
receive no additional compensation for his service as receiver, but shall be
allowed clerical, traveling and legal expenses, subject to the court's order.
He shall furnish such bond as the court may require.

An. Code, sec. 11. 1910, ch. 219, sec. 11 (p. 9). 1920, ch. 268, sec. 11.

10. Any officer, director, trustee, agent, clerk or employee, who wil-
fully and knowingly violates any of the provisions of the law governing
or regulating the institutions mentioned in this Article, 'shall be deemed
guilty of a misdemeanor, and if found guilty shall be fined not more than
one thousand dollars or be imprisoned for not more than three years, or
both.

An. Code, sec. 11A. 1914, ch. 805, sec. 11A.

11. If in the opinion of the Bank Commissioner any banking institu-
tion, and any of the officers, managers and trustees of any banking insti-
tution, have violated any of the provisions of this or any law governing
the same, he shall forthwith report such violation to the Governor of the
State, who may direct the Attorney-General to institute a proper proceed-
ing for the prosecution for such violation.

An. Code, sec. 12. 1910, ch. 219, sec. 12 (p. 9).

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