ART. 23] GENERAL REGULATIONS. 89

officers, directors, managers, and those having charge of its busi-
ness conduct, the investments of its funds, the safety and pru-
dence of its management, the security afforded to those by whom
its engagements are held and whether the requirements of its
charter and of the law have been complied with in the adminis-
tration of its affairs.

1892, ch. 109.

85 D. If it shall appear to the said treasurer from any such
examination, as hereinbefore provided for, that any of said cor-
porations has violated its charter, or the law pertaining to the
same, or is conducting business in an unsafe or unauthorized
manner, he shall, by an order under his hand and seal of office,
addressed to such corporation, direct the discontinuance of such
illegal or unsafe practices and require said corporation to act in
conformity with the requirements of its charter and of law, and
insist upon safety and security in its transactions; and whenever
any such corporation shall refuse or neglect to make such report
as hereinbefore required, or to comply with any such order as
aforesaid; or whenever it shall appear to said treasurer that it is
unsafe or inexpedient for any such corporation to continue to
transact business, he shall communicate the facts to the Attorney-
General who shall thereupon be authorized to institute such pro-
ceedings against any such corporation as are now or may here-
after be provided by law.

1892, ch. 109. 1896, ch 160.

85 E. Every such corporation transacting as part of its busi-
ness the security or guarantee business shall, within six months
from the 2d of April, 1836, and from time to time thereafter,
if need be, transfer and assign to the said treasurer registered
public stock of the United States or of the State of Maryland,
or of Baltimore city, or the bonds of any county or municipal
corporation of this State, which shall be approved by said treas-
urer to the amount in value of one hundred thousand dollars, and
said amount shall be at all times maintained by said corporation;
which stock must be registered in the name of said treasurer,
officially, as held in trust under and pursuant to this section, and
the same shall be held by said treasurer in trust as security for all
the holders of policies or guarantees of said corporation; pro-