422 ARTICLE 11

As to building and loan associations, see art. 23, sec. 132, et seq.

This section referred to in sustaining plan of reorganization under sec. 17. State v.
Title Guarantee & Trust Co., 168 Md. 387.

An. Code, 1924, sec. 52A. 1927, ch. 188, sec. 52A. 1933, ch. 581.

64. Every "Banking Institution" heretofore or hereafter organized
under the laws of this State shall have, until forfeiture, the right of per-
petual succession; and all provisions in the charter or certificate of any
existing "Banking Institution" or imposed upon it by any act in force at
the time of its creation or formation, limiting its duration, are hereby
annulled and repealed; the provisions of this section to apply to all
"Banking Institutions" organized under the laws of this State, whether the
period of time for which they were created, as set forth in their charter
or certificate, or imposed by law, shall have expired or not; and all
"Banking Institutions" created for a designated period of time, which
time has heretofore expired, are hereby declared valid and legal for all
intents and purposes 'whatsoever.

An. Code, 1924, sec. 52B. 1933 (Special Sess.), ch. 23.

65. Any bank or trust company organized under the laws of this
State, is specifically granted the power and authority to establish and
operate a branch or branches in the city or county in which it is located
or at any point within the State, after having first obtained the approval
of the Bank Commissioner, which approval may be given or withheld in
his discretion, and shall not be given until he shall have ascertained to his
satisfaction that the public convenience and advantage will be promoted
by the opening of any such branch or branches, and that said bank or
trust company has complied with the other terms and conditions pre-
scribed by this Article. Any bank or trust company having an existing
branch or branches on December 15, 1933, may continue the operation
of such branch or branches without further approval from the Bank Com-
missioner, subject however, to all of the other terms and conditions of this
Article. This section shall not be construed as implying that the provi-
sions of this Article have heretofore in any way prohibited the establishment
or operation of a branch or branches in the city or county in which any
bank or trust company, organized under the laws of this State, is located,
or at any point within this State.

An. Code, 1924, sec. 53. 1912, sec. 53. 1910, ch. 219, sec. 52 (p. 23).

66. Every bank and trust company shall keep a stock book, which shall
at all times during the usual hours for the transaction of business be subject
to the inspection of the officers, directors and stockholders of the bank or
trust company. Such book shall show the name and number of shares held
by each stockholder. A refusal by the officers of such bank or trust company
to exhibit such book to any person rightfully demanding inspection thereof
shall subject such officer to a forfeiture of fifty dollars, which shall be col-
lected by the Bank Commissioner as a common debt. In all actions, suits
and proceedings such book shall be presumptive evidence of the facts therein
stated, and at all.stockholder's meetings each share of stock shall entitle
the owner of record to one vote. A stockholder may vote at any meeting
of the stockholders by proxy.