ART. 23] TRUST AND FIDELITY CORPORATIONS. 569

powers and privileges conferred by this article, so far as the
same are applicable to the said corporation; and the former
charter of said corporation shall be deemed to be thereupon
surrendered, and all the property and assets belonging to the
said former corporation, of whatsoever nature and description,
and all the debts and liabilities of the said former corporation,
of whatsoever nature and description, shall, upon such record-
ing as aforesaid, be devolved upon the said new corporation,
which shall, for this purpose, be regarded as substituted by
operation of law, in the room and stead of said former corpo-
ration; and all pending proceedings at law or in equity, on
behalf of or against said former corporation, may be amended
at the instance of either party, so that the said new corpora-
tion may be substituted as plaintiff or defendant, as the case
may require, in lieu and in place of the old corporation.
Erb v. Grimes, 94 Md. 102.

1888, art 23, sec. 85. 1868, ch. 471, sec. 77.

93. Every corporation formed under the provisions of this
article shall be subject to any and all provisions and regulations
which may hereafter, by any change in or amendments of the
laws of this State, be made applicable to such corporation.

1892, ch. 109, sec. 85 A.

94. 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 busi-
ness 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, veri-
fied by oath, in such form and by such officers of said respec-
tive corporations as said treasurer may designate, 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
previously reported, as have since been wholly or in part paid,
and the 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