94 CORPORATIONS. [ART. 23

of money or other valuable thing on the security of any chattels,
nor shall make any loan of money or of any other valuable thing
on the security of any chattels or otherwise, except in its own
proper corporate name and for its own behalf or benefit; and no
such corporation making any such loan, as aforesaid, shall be
entitled to charge any borrower of money from it, or shall take
from any borrower from it, or other person, any other thing for
or in the name of premium, or of compensation for renewing or
continuing any such loan as it may be authorized to lawfully
make, than lawful interest at the rate of six per centum
per annum, for the term during which such loan shall be renewed
or continued ; and every security taken by any such corporation
for any such loan as aforesaid, shall express plainly the period of
time for which such loan is made, and the entire interest agreed
to be paid for said loan for the term of such loan, which entire
interest shall in no case nor by any means, be made to exceed the
rate of six per centum per annum on the money or other thing
loaned for the term of euch loan ; and any contract or security
for any such loan, or providing for the renewal or continuance of
any such loan, made in violation of this section, shall be abso-
lutely null and void. And no person or persons in this State,
shall assume to deal or act as a corporation, or in any corporate
name, or in any other than in his, her or their own proper name
or names, in any of the matters or things prohibited by this sec-
tion, under a penalty of not less than fifty dollars for every offense,
to be recovered by indictment in any court having criminal juris-
diction in the city or county where any such offense may have
been committed; and every security taken by any such person or
persons in any such name of a corporation, or in any other than
his, her or their own proper name or names, shall be absolutely
null and void ; provided, this section shall not apply to homestead
and building and loan associations incorporated under the laws of
this State.
Comm'l Association v. Mackenzie, 85 Md. 136.

Foreign Corporations.

1898, ch 270.

109 A. Every corporation incorporated by or under the laws
of the United States, or of any State or Territory of the United