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1935 Cumulative Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 378, Page 141   View pdf image (33K)
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BANKS AND TRUST COMPANIES. 141

pany 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 detail and under proper heads the re-
sources and liabilities of the bank or trust company at the close of the busi-
ness 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 days after the receipt of the aforesaid call. At least once in
each year every bank and trust company shall report to the Bank Commis-
sioner 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 com-
pany. The Bank Commissioner shall also have the power to call for
special reports from any bank or trust company whenever, in his judg-
ment, the same is necessary to inform him fully of the condition of the bank
or trust company.

Secs. 56-58 referred to in construing art. 27, sec. 170. State v. Coblentz. 167
Md. 523.

Cited but not construed in State v. Page, 163 Md. 512.

58.

This section referred to in sustaining indictment under art. 27, sec. 170.
State v. Coblentz, Daily Record, July 17, 1935.

Indictment of bank president for accepting deposit knowing bank to be in-
solvent, which was fraud in language of statute, is sufficient. Coblentz v. State,
164 Md. 571.

Secs. 56-58 referred to in construing art. 27, sec. 170. State v. Coblentz, 167
Md. 523.

An. Code, 1924, sec. 59. 1912, sec. 59. 1910, ch. 219, sec. 58 (p 26).
1931, ch 294, sec. 59.

59. Any banking institution of this State having capital stock may
consolidate with any other banking institution of this State having capital
stock, in the same manner that ordinary business corporations having s took
may consolidate under the general laws of this State; and the rights of any
stockholder of any consolidating banking institution of this State having
capital stock, who shall dissent to the plan for consolidation at the stock-
holders' meeting at which the said plan is submitted to the stockholders,
shall be the same as the rights of a dissenting stockholder of an ordinary
business corporation of this State; but no such consolidation shall be made
without the consent of the Bank Commissioner, and not then to defeat
or defraud any of the creditors of any such institution in the collection of
their debts against such institution, or either of them; and such a banking
institution which is, in good faith, winding up its business for the purpose
of consolidating with some other banking institution, may transfer its


 

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1935 Cumulative Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 378, Page 141   View pdf image (33K)
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