FRANK BROWN, ESQUIRE, GOVERNOR.

153

CHAPTER 109.

AN ACT to add additional section s to article twenty three of

the Code of Public General Laws, title " Corporations, " sub-

title " General Regulations," to follow immediately after

section eighty -five and to be designated as sections eighty-

five A, eighty-five B, eighty-five C, eighty -five D, eighty-

five E, eighty -five F, eighty-five G, eighty-five H, eighty-

five I, eighty five K, and eighty-five L, to provide for the

examination and report at stated times of trust, guaranty,

loan and fidelity companies now or hereafter doing busi-

ness in this State and also to regulate the conduct of busi-

ness by, and fix the liability of shareholders in said

companies.

SECTION 1. Be it enacted by the General Assembly of

Maryland, That additional sections be and they are hereby

added to article twenty-three of the Code of Public General

Additional

Laws, title "Corporations," sub-title "General Regula-

sections

tions," to follow immediately after section eighty -five and

added

to be designated as sections eighty -five A, eighty -five B,

eighty-five C, eighty-five D, eighty-five E, eighty-five F,

eighty-five G, eighty -five H, eighty -five I, eighty-five K, and

eighty-five L, to provide for the examination and report at

stated times of trust, guaranty, loan and fidelity companies

now or hereafter doing business in this State, and also to

regulate the conduct of business by, and fix the liability of

shareholders in said companies.

85 A. That 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,

Safe de-
posit trust

or assuming any obligations in this State, shall semi-

companies

annually on the last business days of June and December

to report
to State

respectively, or within ten days thereafter, in each and

Treasurer.

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, verified by oath, in such form

and by such officers of said respective corporations as said

treasurer may designate, 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