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The Maryland Code Public General Laws, 1904
Volume 393, Page 573   View pdf image (33K)
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ART. 23] TRUST AND FIDELITY CORPORATIONS. 573


restrain such corporation from transacting any business in this
State, and the Court before which such proceedings shall be
begun, shall be authorized to make such order or decree, and
to issue such process in the premises to enforce compliance by
such corporation with the "provisions of this statute, or to
restrain the transaction of business by such corporation in this
State as it may deem proper.

1892, ch. 109, sec. 85 G.

100. The amount of money which any corporation shall have
on deposit, or hold in trust, or loan at any time, shall not exceed
ten times the amount of its paid-up capital and surplus, and its
outstanding loans shall not at any time exceed said amount;
but any such corporation authorized to receive court deposits
may, at any time, receive on deposit and loan out any money
which may be deposited with it by order of any of the courts of
this State, notwithstanding such limitation.

Ibid. sec. 85 H.

101. Any willful false swearing, relative to the report and
examination hereinbefore provided for, by any person shall be
deemed perjury, and be subject to the prosecutions and punish-
ments for that offense now or hereafter provided for by law.

Ibid. sec. 85 I.

102. Whenever it shall be proven to the satisfaction of said
treasurer that any such corporation has surrendered its charter
or ceased to do business in this State, and has liquidated all its
indebtedness to depositors and creditors, he shall surrender to
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.

Ibid. sec. 85 K.

103. 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 examina-
tion by the insurance commissioner.


 

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The Maryland Code Public General Laws, 1904
Volume 393, Page 573   View pdf image (33K)
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