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
The Annotated Code of the Public General Laws of Maryland, 1939
Volume 379, Page 393   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

BANKS AND TRUST COMPANIES 393

ARTICLE 11.

BANKS AND TRUST COMPANIES.

Bank Commissioner.

1. Appointment, term, bond, salary and
removal.
2. Deputy Commissioner and clerks;
bonds.
3. Administrator of Loans.
4. Seal.
5. Commissioner and employees not to
own stock of banks or trust com-
panies.
6. Deputy to act in case of vacancy.
7. Examination of banking institutions.
8. Examination by Federal Deposit In-
surance Corporation may be ac-
cepted.
9. Commissioner or deputy may examine
officers and other witnesses.

10. Impairment of capital; failure to
make good deficiency; resumption
of business.
11. Directors may place banking institu-
tion under Commissioner.
12. Commissioner may take possession if
business is improperly conducted;
notice.
13. Security for deposits made by re-
ceiver.
14. Notice after Commissioner has taken
possession of banking institution.
15-17. Reorganization of bank in receiv-
ership; report by Commissioner as
receiver.
18. Municipal corporations having de-
posits may consent to reorganization
of banking institution.
19. Penalty for willful violation.
20. Report of institutions violating law.
21. Examination by commissioner upon
request.
22. Irregularities or bad management dis-
closed by statement; failure to fur-
nish proper statement.
23. Information secret — penalty; excep-
tions. Information to federal reserve
bank.

24. Commissioner and subordinates not
to become indebted to banking in-
stitution, sell securities or negotiate
loans.
25. Institutions to pay for examinations;
rate; disposition of proceeds.
26. Certified copies.
27. Annual report to Governor.

Banking Board.

28. Appointment, term and duties.

Banks.

29, Establishment of banks and branch
banks; capital.
30. Articles of incorporation.
31. Articles of incorporation; investiga-
tion of incorporators; approval or
rejection of articles; record; fees.
32. Powers of corporation.
33. Subscriptions to stock and direction
of affairs prior to election of di-
rectors.
34. Examination before business starts;
certificate.
35. Directors; officers; annual meeting.
36. Reorganization of state bank as na-
tional bank.
37. Reorganization of national bank as
state bank.
38. Circulating notes or currency.
39. Savings department.

Savings Institutions.

40. Articles of association; investigation
of incorporators; approval or rejec-
tion of articles; record; fees; by-
laws; directors.
41. No capital stock; branches.
42. May receive and invest deposits. No
loans to officers, etc. Withdrawals.
43. Guarantee fund — no impairment by
dividends or interest.
44. Dividends, interest and guarantee
fund.

As to charters for banking purposes, see art. 3, sec. 39, of the Md. Constitution.
As to the taxation of banks, see art. 81, sec. 15; see also sec. 27, et seq.


 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
The Annotated Code of the Public General Laws of Maryland, 1939
Volume 379, Page 393   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  Cannot perform flastmod(): Win32 Error Code = 2

Maryland State Archives