334 FORMATION, POWERS, AND REGULATION OF CORPORATIONS. [ART. 40.

	United States, of the State of Maryland, or of the city of Baltimore, and the same shall, before said company shall commence issuing poli-
Security to be deposited in State treasury	cies, be deposited in the treasury of this State as a guarantee for the payment of the policies of insurance issued by said company; and the said company, from time to time, as they shall deem proper, may
Power to sell, etc, securities	sell and dispose of the said securities, and exchange and redeposit the same with the said treasurer, under such rules and regulations for said exchange and redeposit as the said treasurer shall direct, the said company confining the said business of sale, disposition and exchange of said securities to either or all of said securities
Interest and profits	above named in this section; and the interest and profits accruing and made on said securities, and the sale or exchange thereof, shall be collected by and paid to said company.
Id s 101 1878, c 200 Insurance by married women 34 Md 582, 35 Md 188, 42 Md 140, 414, 46 Md. 302	104 Any married woman, by herself and in her name, or in the name of any other person, with his assent, as her trustee, may insure, in any life insurance company formed under the provisions of this article, for her sole use, the life of her husband, for any defi- nite period or for the term of his natural life, and in case she shall survive her husband, the sum or net amount of the insurance becoming due and payable by the terms of the insurance, shall be
To whom payable.	payable to her and for her own use, free from the claims of the representatives of the husband or of any of his creditors; and in case of the death of the wife before the decease of the husband, the amount of the insurance may be made payable after death to her children for their use, and to their guardian if under age. And
Policy of life insurance.	all policies of life insurance upon the life of any person which may hereafter mature, and which have been or shall be taken out for the benefit of, or bond fide assigned to the wife, or children, or any relative dependent upon such person, or any creditor, shall be
Free from credi- tors' claims	vested in such wife, or children, or other relative, or creditor, free and clear from all claims of the creditors of such insured person.
Id s 102 Foreign com- panies.	105, It shall not be lawful for any insurance company incor- porated under the laws of any other State of the United States, or by any foreign government, directly or indirectly, to take risks or transact any business of insurance in this State, unless possessed of the amount of actual capital required of similar companies formed under the provisions of this article, and any such company desiring to transact any such business as aforesaid by an agent or
Agents.	agents in this State, shall appoint such agent or agents, who shall
Certified copies of appointment to be recorded in clerk's office, Superior Court.	reside in this State, and shall file in the office of the clerk of the Superior Court of Baltimore City a certified copy of the vote or resolution of the directors appointing such agent, to be recorded at the cost of such agent in a book to be specially procured for that purpose, which appointment shall continue until some other agent shall be in like manner appointed in his place, and the appointment certified and recorded as aforesaid.