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The Maryland Code, Public General Laws, 1888
Volume 389, Page 95   View pdf image
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ART. 11.] UNCLAIMED DIVIDENDS AND DEPOSITS. 95

shall be filed and recorded with all other of the proceedings, and
a copy of the same, authenticated in the usual form, shall be
evidence.

P. G. L., (1860,) art. 12, sec. 12. 1852, ch. 814, secs. 1, 6

5. Every bank and incorporated institution in this State which
is in the habit of receiving deposits and declaring dividends,
shall cause to be published in some newspaper printed in the
county in which such bank or institution may be located, or in
the city of Baltimore, as the case may be, once a week for three
successive weeks in the month of September in each year, a list
of the deposits and dividends which have been of more than
three years' standing, and uncalled for and unclaimed, together
with the names of the parties to whose credit they stand on the
books of such bank or institution, and their respective amount;
this section not to apply to savings banks, nor to institutions
which receive deposits and compound the interest and dividends
as they become due.

Ibid. sec. 18. 1852, ch. 314, sec. 8.

6. All the expenses incurred by the said bank or incorporated
institution in making out and publishing the said lists, shall be
paid out of and be deducted pro rata from the dividends and
deposits unclaimed and uncalled for as aforesaid.

Ibid. sec. 14. 1852, ch. 314, sec. 2.

7. If any bank or incorporated institution aforesaid shall in
any year fail or neglect to make the publication required by
section 5 of this article, the president of such bank or incorpo-
rated institution shall be liable to a fine of not less than fifty nor
more than one hundred dollars, to be recovered by indictment in
the circuit court for the county where the said bank or institution
may be located, or in the criminal court of Baltimore, as the
case may be.

Ibid. sec. 16. 1840, ch. 85.

8. The courts of this State, upon petition of any party hold-
ing or being possessed in trust of the notes payable on demand
or to bearer, of any insolvent banking corporation, may direct an

 

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The Maryland Code, Public General Laws, 1888
Volume 389, Page 95   View pdf image
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