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Supplement to the Code of Public General Laws of Maryland, 1898
Volume 391, Page 87   View pdf image (33K)
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ART. 23] GENERAL REGULATIONS. 87

the said charter or instrument, as if the same had originally been
made a part thereof; and any corporation heretofore formed
under the provisions of this article for the creation or maintenance
of educational associations, universities, colleges, academies, ceme-
tary companies, hospitals or asylums, the existence of which, by
the terms of its charter, is limited to a period of forty years or
less, is authorized to amend its charter, so as to provide for per-
petual existence.

1898, ch. 228.

69. No loan of money shall be made by any such corporation to
any stockholder therein; and if any such loan shall be made to
any stockholder, the officer or officers who shall make it or who
shall assent thereto shall, in the event of the insolvency of such
corporation, be jointly and severally liable for all the debts of
the corporation contracted before the making of said loan to the
extent of double the amount of any loss arising out of the said
loan; this section shall not, however, apply to any building or
homestead association or any association for the loan of money
on real or personal property, or to any savings institution or
other corporation receiving money on deposit or authorized by
its charter to receive money on deposit.

1892, ch. 109.

85 A. Every safe deposit, trust, guaranty, loan and fidelity
company or association incorporated under any law of this or any
other State, district or territory, the United States or any foreign
country receiving money on deposit or assuming any obligations in
this State, shall semi-annually on the last business days of June
and December, respectively, or within ten days thereafter, in each
and every year, make a full report in writing of the affairs and
condition of such corporation at the close of business on the last
days of June and December, respectively, in each year, to the
Treasurer of Maryland, verified by oath, in such form and by such
officers of said respective corporations as said treasurer may des-
ignate, and such report shall state the amount loaned upon bond
and mortgage together with a list of such bonds and mortgages,
and the location of the mortgaged premises, as have not previously
been reported, and also a list of such bonds and mortgages previ-
ously reported, as have since been wholly or in part paid, and the

 

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Supplement to the Code of Public General Laws of Maryland, 1898
Volume 391, Page 87   View pdf image (33K)
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