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Supplement to the Code of Public General Laws of Maryland, 1898
Volume 391, Page 88   View pdf image (33K)
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88 CORPORATIONS. [ART. 23

amount of such payments respectively; the cost, par value, and
estimated market value of all stock investments, designating each
particular kind of stock; the amount loaned upon the pledge of
securities of whatsoever kind, with a statement of the securities so
pledged and held as collateral for such loans; the amount inves-
ted in real estate, giving the cost of the same; the amount of
cash on hand and on deposit in bank, or wheresoever else, with
the name of such banks or places of deposit, and the amount
deposited in each, and such other information as the said treas-
urer may require; such report shall also state all the liabilities of
such corporation, the amount due depositors, which shall include
any dividend to be credited to them and any other debts or
claims against such corporation which are or may be a charge
upon its assets. And the said treasurer may require that a like
report, either wholly or in part, as to the particulars aforesaid, be
made to him at any other time by any such corporation afore-
said within such period as he may designate.

1892, ch. 109.

85 B? It shall be the duty of said treasurer, yearly, either per-
sonally or by some competent person or persons, to be appointed
by him, to visit and examine every such corporation having an
office or place of business in this State required by section 85 A to
report as aforesaid. The said treasurer and every such examiner
shall have power to administer an oath to any person whose testi-
mony may be required in the prosecution of any such examina-
tion, and all books and papers which it may be deemed neces-
sary to examine by the treasurer or examiner by him appointed
shall be produced. The expenses of every such examination,
not to exceed twenty-five dollars, shall be paid by the corporation
so examined. Whenever such examination shall be made by the
treasurer personally, or by one or more of the regular clerks in
his office, no charge shall be made for such examination, but
only f or necessary travelling and other actual expenses incurred
by such examination.

Ibid.

85 v. On every such examination, inquiry shall be made as to
the condition and resources of the corporation generally, the
mode of conducting and managing its affairs, the action of its

 

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Supplement to the Code of Public General Laws of Maryland, 1898
Volume 391, Page 88   View pdf image (33K)
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