1054 LAWS OF MARYLAND. [CH. 552

new section to said Article, to follow immediately after
Section 51, to be known as Section 51 A, to provide a new
method of procedure for the dissolution and liquidation
of insolvent or illegally conducted companies.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Section 51 of Article 48A of the Anno-
tated Code of Public General Laws of Maryland, entitled
"Insurance, " sub-title "General Provisions, " be, and the
same is hereby repealed and re-enacted, with amendments,
so as to read as follows:

51. Liquidation of Insolvent or Illegally Conducted
Companies. Whenever the Insurance Commissioner shall
have reason to believe that any insurance company doing
business in this State is insolvent, or fraudulently con-
ducted, or that its assets are not sufficient for carrying on
the business of the same, or during any non-compliance
with the provisions of this Article, it shall be his duty
to forthwith cause proper proceedings to be instituted in
the name of the State of Maryland against any such com-
pany in a court of competent jurisdiction, for the purpose
of obtaining an in junction suspending the business of said
company and having the said court assume jurisdiction
over the property and business of said company for final
liquidation, and the court in which said proceeding is in-
stituted shall be authorized to appoint the Insurance Com-
missioner or the Deputy Insurance Commissioner, Re-
ceiver of such company, provided, however, that no such
Receiver shall receive any additional compensation for his
services as Receiver, but shall be allowed clerical, travel-
ling and legal expenses, subject to the court's order, and
shall furnish such bond as the court may require.

SEC. 2. And be it further enacted, That a new section
be, and the same is hereby added to Article 48A of the
Annotated Code of Public General Laws of Maryland, Edi-
tion of 1924, entitled "Insurance, " sub-title "General Pro-
visions, " said new section to follow immediately after Sec-
tion 51, to be known as Section 51 A, and to read as follows:

51 A. No application for injunction against, or pro-
ceedings for dissolution of, or the appointment of a Re-
ceiver for, any domestic company shall be entertained by
any court in this State unless the same is made by the State
of Maryland at the instance of the Insurance Commis-