370 CORPORATlONS—RELIGIOUS—SAVINGS. [ART. 23.

church or congregation of which they have hitherto been a part,
and to erect a house of worship, and employ a minister for them-
selves, it shall be lawful for them to do so; and they shall by
their respective name or style be entitled to all the benefits of
this article relating to their incorporation; provided only, that
all arrearages, debts and engagements contracted, due or becom-
ing due, while members of the former society, shall be discharged.

1868, ch. 471, sec. 168.

216. The person or persons holding lands or goods and chat-
tels in trust for any particular church or society, shall convey
the same to the corporation of such particular church or society,
as soon as the same shall be formed under this article.

Reed v. Stouffer, 56 Md. 255.

Ibid. sec. 169.

217. Nothing in this article shall prevent the protestant epis-
copal church from incorporating the vestries in the several
parishes, according to the usages of the said church.

Savings Institutions.

1868, ch. 471, sec. 152.

218. Any savings institution incorporated under this article,
shall be capable of receiving from any person or persons, or
bodies corporate or politic, any deposit of money which shall be
invested or loaned put on good security, in the discretion of the
directors; provided, no part of the funds of said corporation shall
be loaned to any officer or director of such corporation.

United German Bank v. Katz, 57 Md. 136.

Ibid, sec 153.

219. It shall be the duty of the directors of such corporation
to appoint, at least once in every twelve months, five competent
members of said corporation, as a committee of examination,
whose duty it shall be to investigate the affairs of said corpora-
tion, and to make and publish a report of such investigations in
one or more newspapers published in the county or city in which
such institution is situated; and it shall be the duty of the direc-
tors, at least once in every six months in each and every year, to