426 ARTICLE 11

security as provided by law. Nothing in this section shall affect the title
to or holding by any bank or trust company of any real or leasehold estate
now: owned by said bank or trust company, and nothing herein shall affect
the rights of banks or trust companies to purchase and hold land or real
or leasehold estate as trustee or in other fiduciary capacity.

An. Code, 1924, sec. 55A. 1935, ch. 491.

72. It shall be unlawful for any banking institution doing business
under this Article to have any affiliate, affiliates or closely allied corpora-
tion or corporations.

The term "affiliate" and "closely, allied corporation" as used in this sec-
tion -shall be construed to include any corporation, business, trust, associa-
tion, or other similar organization which a banking institution controls by
one of the following methods:

(1) Owns or controls, directly or indirectly, either a majority of the
voting shares or more than 50 per centum of the number of shares voted
for the election of its directors, trustees, or other persons exercising similar
functions at the preceding election, or controls in any manner the election
of a majority of its directors, trustees or other persons exercising similar
functions; or

(2) Controls, directly or indirectly, through stock ownership or in any
other manner, by the shareholders of such banking institution who own or
control either a majority of the shares of such banking institution or more
than 50 per centum of the number of shares voted for the election of direc-
tors of such banking institution at the preceding election, or by trustees
for the benefit of the shareholders of any such banking institution.

Provided, however, that nothing in this section shall affect or disturb
any such affiliate or closely allied corporation existing on June 1, 1935,
and provided further that a Banking Institution, for reorganization pur-
poses and with the consent of the Bank Commissioner may create and have
an affiliate or closely allied corporation.

The Bank Commissioner shall have the same rights and powers to ex-
amine into the affairs of all existing affiliates and closely allied banking
institutions as he has as to banking institutions whenever he shall deem
such examination desirable or necessary, and for making such examinations
he shall charge the same fees as for examining banking institutions.

An. Code, 1924, sec. 56. 1912, sec. 56. 1910, ch. 219, sec. 55 (p. 25). 1918, ch. 33, sec. 56.
1927, ch. 373. 1931, ch. 294, sec. 56. 1935, ch. 494.

73. 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 he¹ shall prescribe and furnish. Such forms shall conform as
nearly as practicable to the forms required of banking institutions under
the jurisdiction of the Federal authorities, including the schedules. Such
reports shall be signed and verified by the oath or affirmation of either the
president, vice-president, cashier or treasurer of such bank or trust com-
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