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Session Laws, 1933 Session
Volume 421, Page 97   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 97

capacities, such plan of reorganization, upon being con-
summated and carried into effect, shall operate to transfer
to such new or other banking institution and its successor
or successors any and all appointments of the transferor
trust company in any fiduciary capacity, whether made by
order of any court, or independently of any court, includ-
ing all appointments of such transferor trust company in
any fiduciary capacity made by any will or other instru-
ment executed prior to the said plan of reorganization be-
ing consummated and carried into effect, as effectually as
if said new or other banking institution had been appointed
by a court of competent jurisdiction as successor to the
transferor trust company in each fiduciary capacity
in which said transferor trust company had theretofore
been acting, or to which it might have been appointed by
will or other instrument theretofore executed.

If a new banking institution is organized pursuant to
Section 71J of this Article, any of said existing banking
institutions subscribing to its capital stock may transfer
to such institution all its existing trust estates and prop-
erty held in a fiduciary capacity, and all the appointments
of the transferor institution in any fiduciary capacity,
whether made by order of any court or independently of
any court, including all appointments of such transferor
institution in any, fiduciary capacity made by any will or
other instrument executed prior to said transfer, as ef-
fectively as if said new institution had been appointed by
a court of competent jurisdiction as successor to the trans-
feror institution in each fiduciary capacity in which said
transferor institution had theretofore been acting or to
which it might have been appointed by will or other instru-
ment theretofore executed.

71L. Any person in interest feeling aggrieved by the
action of the Bank Commissioner in his management of
any banking institution, may apply for a writ of man-
damus against the Bank Commissioner to the Circuit Court
for the County in which the banking institution has its
principal office or place of business, or to one of the law
courts) of 'Baltimore City, if the said institution-has its
principal office or place of business in said City; and the.
Court applied to shall review the action of the Bank Com-
missioner, but shall in no case issue the writ unless it
shall appear to the Court that the Bank Commissioner has
exceeded the power conferred upon him toy this Act or
abused his discretion.

 

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Session Laws, 1933 Session
Volume 421, Page 97   View pdf image (33K)
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