ART. 23] DEPOSIT OF SECURITIES. 571

1892, ch. 109, sec. 85 D.

97. 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 corpora-
tion to continue to transact business, he shall communicate the
facts to the attorney-general who shall thereupon be authorized
to institute such proceedings against any such corporation as
are now or may hereafter be provided by law.

Ibid. 1896, ch. 160, sec. 85 E.*

98. Every such corporation transacting as part of its busi-
ness the security or guarantee business shall, within six months
from the 2d of April, 1896, 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
treasurer 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 some shall be held by said treasurer in
trust as security for all the holders of policies or guarantees of
said corporation; provided, however, that no such corporation
incorporated under any law of any other State, district or
territory, the United States or any foreign country, shall be
required to make the deposit above set forth with the treas-
urer of this State if said corporation shall have made with the
insurance commissioner, treasurer or other proper officer of
any State, district or territory in the United States, a deposit
in the amounts as above set forth, of any. securities as shall
have been approved by the proper officer where made, for the

*See ante, art 11, sec. 87.