clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e

PLEASE NOTE: The searchable text below was computer generated and may contain typographical errors. Numerical typos are particularly troubling. Click “View pdf” to see the original document.

  Maryland State Archives | Index | Help | Search
search for:
clear space
white space
1935 Cumulative Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 378, Page 661   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

INSURANCE. 661

newspaper published in the City of Baltimore in such condensed form as
shall show the true condition of the company examined. Should any
company organized under the laws of this State refuse to permit its
affairs to be examined as herein provided, or refuse free access to its
books or papers, or in any manner whatever prevent a thorough examina-
tion, the said Commissioner shall proceed against said company in the
manner provided in Section 195 of this sub-title.
See sec. 50.

1931, ch. 530, sec. 194.

194. Production of Books, etc. No person shall be excused from testi-
fying or from producing any books, papers, contracts, agreements or docu-
ments at the trial or hearing of any person or company charged with
violating any provisions of this sub-title on the ground that such testimony
or evidence may tend to incriminate himself, but no person shall be prose-
cuted for any act concerning which he shall be compelled so to testify or
produce evidence, documentary or otherwise, except for perjury com-
mitted in so testifying.

1931, ch. 530, sec. 195.

195. Liquidation of Insolvent or Illegally Conducted Companies.
Whenever the Commissioner shall have reason to believe that any com-
pany is insolvent, or fraudulently conducted, or that its assets are not
sufficient for carrying on the business of the same, or during any non-
compliance with the provisions of this sub-title, it shall be his duty in
addition to revoking the license of such company, to make complaint
thereof to the judge of either of the circuit courts of Baltimore City, or
any judge of the circuit court for the county where the company or agent
may be located, as the case may be; which judge shall, upon the requisition
of the Commissioner, appoint a commission, consisting of the Commis-
sioner and two disinterested and competent persons, whose duty it shall
be to examine every detail of the business and condition of said company
and report, in writing, the result of such examination to the judge appoint-
ing them, who shall, if in his judgment the charges of insolvency, fraud,
neglect, or abuse, as charged by the Commissioner, are sustained by the
said report, at once issue an injunction suspending the business of said
company. The Commissioner shall institute, or cause to be instituted, the
necessary proceedings under the laws of this State, to close the affairs of
any company of this State which shall appear to him, upon examination,
to be insolvent or to be fraudulently conducted.
See sec. 53.

1931, ch. 530. sec. 196.

196. Proceedings to Vacate Charter. Whenever the Attorney General
or the State's Attorney for the City of Baltimore or for any county of the
State shall be required by the Commissioner to institute proceedings
against any company incorporated under the laws of this State, or ascer-
tain whether such corporation has been guilty of such misuse, abuse or-


 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
1935 Cumulative Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 378, Page 661   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  August 16, 2024
Maryland State Archives