714 ARTICLE 23.

sary to examine by the treasurer or examiner by him appointed shall be
produced. The expenses of every such examination, not to exceed twenty-
five dollars, shall be paid by the corporation so examined. Whenever such
examination shall be made by the treasurer personally, or by one or more
of the regular clerks in his office, no charge shall be made for such examina-
tion, but only for necessary travelling and other actual expenses incurred
by such examination.1

See notes to secs. 137 and 147.

An. Code, sec. 108. 1904, sec. 96. 1892, ch. 109, sec. 85C. 1910, ch. 219 (p. 6).

139. On every such examination, inquiry shall be made as to the con-
dition and resources of the corporation generally, the mode of conducting
and managing its affairs, the action of its officers, directors, managers, and
those having charge of its business conduct, the investments 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.1

See notes to secs. 137 and 147.

An. Code, sec. 109. 1904, sec. 97: 1892, ch. 109, sec. 85D. 1910, ch. 219 (p. 6).

140. If it shall appear to the said treasurer from any such examina.-
tion, as hereinbefore provided for, that any of said corporations has vio-
lated its charter, or the law pertaining to the same, or is conducting business
in an unsafe or unauthorized manner, he shall, by an order under his
hand and seal of office, addressed to such corporation, direct the discon-
tinuance of such illegal or unsafe practices and require said corporation
to act in conformity with the requirements of its charter and of law, and
insist upon safety and security in its transactions; and whenever any such
corporation shall refuse or neglect to make such report as hereinbefore re-
quired, or to comply with any such order as aforesaid; or whenever it shall
appear to said treasurer that it is unsafe or inexpedient for any such cor-
poration to continue to transact business, he shall communicate the facts
to the attorney-general who shall thereupon be authorized to institute such
proceedings against any such corporation as are now or may hereafter be
provided by law.1

See notes to secs. 137 and 147.

An. Code, sec. 110. 1904, sec. 98. 1892, ch. 109, sec. 85D. 1896, ch. 160, sec. 85E.
1912, ch. 194, sec. 98. 1922, ch. 439.

141. Every such corporation transacting as part of its business the
guaranty or fidelity business shall, within six months from the 2nd of April,
1896, and from time to time thereafter, if need be, transfer and assign to
the said treasurer registered public stock of the United States or of the
State of Maryland, or of Baltimore City, or the bonds of any county or
municipal corporation of this State, which shall be approved by said treas-
urer to the amount in value of one hundred thousand dollars, an'd said

1 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.