CORPORATIONS 861

ness, and shall not be objected to on account of any interest he may have
as such member, in the result of any such action or proceeding.

This section referred to in construing sec. 163—see notes thereto. Williar v. Baltimore,
etc., Loan Assn., 45 Md. 562.

Cited but not construed in Baltimore Bldg. Assn. v. Powhatan Co., 87 Md. 64; In-
ternational Fraternal Alliance v. State, 86 Md. 554; Faust v. Twenty-third, etc., Bldg.
Assn., 84 Md. 190.

See art. 35, sec. 1.

An. Code, 1924, sec. 167. 1912, sec. 140. 1904, sec. 128. 1888, sec. 101. 1868, ch. 471, sec. 90.

166. Any association of persons which may have been organized or
established at any time prior to the adoption of this article, on being made
a body corporate, under the provisions of this article, shall become merged
in such corporate body thereby created; and every act done or to be done
by any such unincorporated association of persons, relating to the ends
and purposes of such association, and all mortgages, bonds or other instru-
ments, made to such association of persons, or to any person or persons to
or for the use of such association of persons, or any member thereof as such,
shall remain and continue in full force and virtue at law and in equity,
in like manner as if such incorporated association of persons had originally

been a body corporate.

This section referred to in construing sec. 163—see notes thereto. Williar v. Baltimore,
etc., Loan Assn., 45 Md. 562.

Cited but not construed in Baltimore Bldg. Assn. v. Powhatan Co., 87. Md. 64; In-
ternational Fraternal Alliance v. State, 86 Md. 554; Faust v. Twenty-third, etc., Bldg.
Assn., 84 Md. 190.

An. Code, 1924, sec. 168. 1912, sec. 141. 1904, sec. 129. 1888, sec. 102. 1868, ch. 471, sec. 91.

167. Any trustee or trustees, person or persons, to whom any such
conveyances shall have been made to and for the use of such incorporated
association, may be required to assign and transfer the same to such cor-
poration, and such conveyances shall be as good and sufficient as if made
to such corporation; and all the liabilities and obligations of, by and between
the members of such incorporated association of persons shall remain of as
binding force or effect as if such association had been incorporated from
the first.

This section referred to in construing sec. 163—see notes thereto. Williar v. Balti-
more, etc., Loan Assn., 45 Md. 562.

Cited but not construed in Baltimore Bldg. Assn. v. Powhatan Co., 87 Md. 64; In-
ternational Fraternal Alliance v. State, 86 Md. 554; Faust v. Twenty-third, etc., Bldg.
Assn., 84 Md. 190.

An. Code, 1924, sec. 169. 1912, sec. 142. 1904, sec. 130. 1888, sec. 103. 1868, ch. 471,
sec. 92. 1872, ch. 178. 1904, ch. 239. 1935, ch. 233.

168. The provisions of the eight foregoing sections shall be taken and
held to apply to corporations which have been or may be hereafter formed
in this State, under the provisions of this article, or under the provisions
of any acts of assembly, for the purpose of loaning money on real or per-
sonal property or for buying, selling, leasing or otherwise dealing in land,
and such corporation may, by their by-laws, provide for the payment
of all or any part of their stock in advance, and shall have the power to
enforce the payment of all dues, legal interest or premium due to such
corporation from its members, stockholders or borrowers by such fines
or forfeitures as the directors may from time to time provide in its by-laws;
and it shall and may be lawful for any of the corporations mentioned
in this section, at any time, either before or after the shares of its stock
shall have been fully paid up, to redeem or purchase the same at such