96 LAWS OF MARYLAND. [CH. 46

in interest of the depositors and other unsecured creditors
shall file such application in said Courts, the plan shall be
binding upon all such depositors and other unsecured credi-
tors, as fully as if they had assented to said plan. If within
thirty days less than 33 1/3% of the stockholders of such
institutions shall have made application to said Court as
above provided, said plan shall be binding upon all stock-
holders as fully as if they had assented; subject, however,
as to said depositors, other creditors and stockholders to
the right to the valuation of their interest as above pro-
vided for. No party to said reorganization, however, shall
be subjected by any such plan to any personal liability
without his express consent. Said proceeding shall not,
however, save at the option of the Board of Directors of
said institution, postpone or delay consummation of such
re-organization plan. If consummated prior to the con-
clusion of said proceeding, the reorganized or new com-
pany shall be liable and responsible for the performance
of the decree in said proceedings. Such reorganized or new
company may, however, at any time within ten days after
the final decision in such proceeding abandon said plan for
reorganization and restore said property to said consti-
tuent institutions.

71J. Any one or more banking institutions, for the pur-
pose of continuing all or a portion of its business or of
segregating its new from its old deposits, or otherwise
promoting the interest of its depositors and stockholders,
may, with the approval of the Bank Commissioner, or-
ganize one or more new banking institutions, either State
or National, with such capital and upon such terms as said
board of directors of such institutions may approve or de-
termine, and any such institution which may organize such
new banking institution and any other banking institution
with similar approval, may subscribe to the capital stock
of said new banking institution and pay for said subscrip-
tion with its funds or assets, and thereafter hold and ex-
ercise all the rights of stockholders. Such organization,
subscription and payment may be made in connection with
a pending or contemplated reorganization plan, as provided
in Section 711, or may be made without respect to such
plan, as such subscribing institution may determine.

71K. If, pursuant to a plan of re-organization under
Section 711 of this Article, the trust business of any trust
company be transferred to a new or other banking institu-
tion, State or National, having authority to act in fiduciary