98 LAWS OF MARYLAND. [CH. 46

71M. Nothing contained in this Act shall be construed
to relieve any stockholder of record in any banking insti-
tution at the time of the passage of this Act, from the lia-
bility imposed by Section 72 of this Article. Any person
who may be a stockholder at the commencement of said
period of custody and the subsequent transferee of record
of said stock at the time the statutory liability for assess-
ment shall become enforceable, shall be jointly and sever-
ally liable to the receiver for the statutory assessment on
said shares. The rights of indemnity and exoneration as
between a stockholder as of the date of the beginning of
said custody and his transferee and between subsequent
transferees during said period shall not be affected by this
provision, but the liability of such transferor shall termi-
nate whenever the custody of the Bank Commissioner
shall cease by reason of the exemption of the banking insti-
tution whose stock is so transferred, from the provisions
of this Act as hereinbefore provided in Section 71 A, or
upon the cessation of the Bank Commissioner's custody by
the expiration of the time limited in said section, which
ever shall first occur.

TIN. The Bank Commissioner, with the approval of the
Governor and the Attorney General shall have the power
to make and promulgate, from time to time, such rules and
regulations as he may deem necessary or advisable to carry
out the provisions of this Act.

710. For the purposes of this Act, "credit unions" shall
be included within the term "banking institution".

71P. No banking institution under the custody of the
Bank Commissioner, as provided by this Act, shall be per-
mitted to pay any dividends to stockholders during such
period of custody, except upon the written approval of the
Bank Commissioner.

71Q. The Governor may, by proclamation, either dur-
ing the original or extended period, terminate the pro-
vision for custody of all banking institutions and credit
unions, and may, at the same or a later time, by similar
proclamation, terminate the provisions with respect to the
suspension of remedies, extension of deposits and liabilities
and the restrictions on the withdrawal of deposits.