44 ARTICLE 11.

of such trust company is already sufficient under the present conditions of
the law to provide the capital required by a trust company hereunder doing
business in the city, town or village in which it may be located, and for
branches in cities, towns or villages in which it proposes to establish
branches; provided, however, that no branch shall hereafter be established
by any trust company, in the city, town or village where said trust com-
pany is now located and engaged in business, until said trust company
conforms to the requirements herein provided as to the minimum amount,
of capital stock for trust companies in said city, town or village.

As to deposits in name of fiduciary and in name of principal and in fiduciary's
personal account, see art. 37A, sec. 7, et seq.

For meaning of gross receipts as to trust companies, see art. 81. sec. 94.

47.

As to fiduciaries, see art. 37A.

General Regulations.

1927, ch. 188, sec. 52A.

52A. Every "Banking Institution" formed under this Article shall
have, until forfeiture, the right of perpetual succession; and all provisions
in the charter or certificate of any existing "Banking Institution" or im-
posed upon it by any act in force at the time of its creation or formation,
limiting its duration, are hereby annulled and repealed.

An. Code, 1924, sec. 56. 1912, sec. 56. 1910, ch. 219, sec. 55 (p. 25).
1918, ch. 33, sec. 56. 1927, ch. 373.

56. Every bank and trust company shall make to the Bank Commis-
sioner not less than three reports during each calendar year, at such
times as the said Bank Commissioner shall require the same, according
to the forms which he shall prescribe and furnish. Such forms shall
conform as nearly as practicable to that required of National Banks,
including the schedules. Such reports shall be signed and verified by the
oath or affirmation of either the president, cashier or treasurer of such
bank or trust company before a Notary Public or Justice of the Peace;
if before a Justice of the Peace, then such Justice shall be certified to by
the Clerk of the Circuit Court or of the Superior Court of Baltimore
City, as the case may be. Such report shall exhibit in derail and under
proper heads the resources and liabilities of the bank or trust company
at the close of the business of any past day by the Bank Commissioner
specified, and shall be transmitted to said Bank Commissioner within
ten days after the receipt of the request from him. Such reports shall
be published in a newspaper of the city or village or county where such
bank or trust company is located, in such condensed form as may be
prescribed by the Bank Commissioner. Proof of said publication shall be
furnished to the said Bank Commissioner within fifteen clays 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