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The Annotated Code of the Public General Laws of Maryland, 1924
Volume 375, Page 342   View pdf image (33K)
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342 ARTICLE 11.

form as may be prescribed by the Bank Commissioner. Proof of said
publication shall be furnished to the said Bank Commissioner within fifteen
days after the receipt of the aforesaid 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 stockholders, 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.

A summary of the report of a bank made to the state treasurer under sec. 12,
art. 11, of the Code of 1904, and required thereby to be published in a newspaper
published in the county where the bank is located, is not necessarily a copy of the
report made to the treasurer; such publication held evidence. Marine Bank v.
Sterling, 115 Md. 100.

An. Code, sec. 57. 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 pro-
ceedings for the recovery of such forfeiture.

An. Code, sec. 58. 1910, ch. 219, sec. 57 (p. 26). 1912, ch. 194, sec. 57.

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 conviction thereof shall be punished
by a fine of not more than five thousand dollars, or by imprisonment in the
State Penitentiary for not more than ten (10) years, or by both fine and
imprisonment, in the discretion of the Court, and also any officer, clerk or
employee of any institution subject to the provisions of this Article who
shall accept a deposit, when said institution is known by him to be insolvent
shall be deemed guilty of a misdemeanor and upon conviction thereof shall
be punished by imprisonment in the State Penitentiary for a period not
more than three years.

An. Code, sec. 59. 1910, ch. 219, sec. 58 (p. 26).

59. Any bank, savings institution or trust company heretofore incor-
porated 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,

 

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The Annotated Code of the Public General Laws of Maryland, 1924
Volume 375, Page 342   View pdf image (33K)
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