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Supplement to the Code of Public General Laws of Maryland, 1898
Volume 391, Page 92   View pdf image (33K)
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92 CORPORATIONS. [ART. 23

such corporation any deposit which may be so held by him in
trust for the benefit of the depositors and creditors of any such
corporation.

1892, ch 109.

85 K. It shall be the duty of said treasurer to report to the
General Assembly, at each regular session, a summary of the
state and condition of every trust or other corporation required
to report to him or to be by him examined; and such summary
shall give the date to which such reports refer, the amount of
capital held by each of said corporations, the whole amount of
its debts and liabilities, the total sum of its resources and such
other information as he may deem useful. Any corporation
making the reports and deposits herein provided for shall not be
required to make any report to or submit to any examination by
the Insurance Commissioner.

Ibid.

85 L. Each stockholder shall be liable to the depositors and
creditors of any such corporation for double the amount of
stock at the par value held by such stockholder in such corpora-
tion.

Building or Homestead Associations.

1894, ch. 321.

98. Such corporation, at any time in advance of the period
of time at which it may cease to exist, according to the plan
contained in the original articles of association, may advance to
any member thereof, for such premium as may be agreed upon,
the sum which he would be entitled to receive upon the dissolu-
tion of the corporation, or the maturity of the series to which he
belongs, when said corporation has more than one series of stock
for any number of shares therein held, or may purchase from
any member thereof the share or shares of stock held by him, at
such price or sum as, according to the articles of association,
such member may agree to receive, or instead of receiving the
whole amount of said premium (in advance or deducting the
whole amount of said premium) from the amount of said
advance, the borrower may pay the same in weekly, monthly or
such other instalments as may be agreed upon; and on payment

 

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Supplement to the Code of Public General Laws of Maryland, 1898
Volume 391, Page 92   View pdf image (33K)
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