ALBERT C. RITCHIE, GOVERNOR. 487

CHAPTER 271.

AN ACT to repeal and re-enact, with amendments, Sections
43 and 44 of Article 11 of the Annotated Code of Public
General Laws of Maryland, Edition of 1924, entitled
"Banks and Trust Companies, " sub-title "Trust Com-
panies, " eliminating all provisions requiring the giving
of and relating to public notice of the intention to organ-
ize a trust company.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Sections 43 and 44 of Article 11 of the
Annotated Code of Public General Laws of Maryland, Edi-
tion of 1924, entitled "Banks and Trust Companies, " sub-
title "Trust Companies, " be, and the same are hereby
repealed and re-enacted, with amendments, to read as fol-
lows:

43. The articles of incorporation shall be executed in
triplicate by the persons joining therein, before any officer
authorized to take acknowledgments, and then filed with
the Bank Commissioner for examination. The Bank Com-
missioner shall thereupon ascertain from the best sources
of information at his command, and by such investigation
as he may deem necessary whether the character, responsi-
bility and general fitness of the person or persons, named
in such certificate, are such as to command confidence and
warrant belief that the business of the proposed corpora-
tion will be honestly and efficiently conducted in accord-
ance with the intent and 'purpose of this Article, and
whether the public convenience and advantage will be pro-
moted by allowing such proposed corporation to engage or
continue in business. After the Bank Commissioner shall
have satisfied himself by such investigation whether it is
expedient and desirable to permit such proposed corpora-
tion to engage or continue in business, he shall have power
to require such changes in said certificate as he may deem
necessary. He shall within sixty days after the date of the
filing of such certificate for examination, endorse upon
each of the triplicates thereof, over his official signature,
the word "approved" or the word "refused" with the date
of such endorsement. In case of refusal he shall return
one of the triplicates so endorsed to the proposed incorpo-
rators. In case of approval, the triplicates shall be re-
turned to the proposed incorporators, and shall then be
submitted to one of the Judges! of the Judicial Circuit in
which the trust company is to be located, in order that he
may determine whether the said articles are framed in ac-