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the said bank as such receiver, trustee, administrator, execu-
tor, assignee, guardian or committee, shall be subject to all
orders or decrees of the proper tribunal in the premises
under the laws of the State wherein such tribunal shall or
may exercise its jurisdiction; that whenever any court shall
appoint the said corporation a receiver, trustee or assignee,
or shall order the deposit of money or other valuables of any
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CHAP. 462
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kind with said corporation, the capital stock of said corpora-
tion shall be taken and considered as the security required
by law for the faithful performance of any duty imposed
upon it by orders or decrees of such court, unless the said
court shall deem proper to require further security; and the
said corporation shall be absolutely liable in case of any
default whatever; provided, however, that said company
shall be subject to the provisions of Chapter 109 of the Acts of
the General Assembly of 1892, and any supplements thereto
and amendments thereof, and the liability of the stock-
holders shall at all times be determined by the laws of the
State in force at the time the said liabilities may attach.
SEC. 2. And be it enacted, That this Act shall take effect
from the date of its passage.
Approved April 3, 1906.
CHAPTER 453.
AN ACT to add a new section to Article 90 of the Code
of Public General Laws, title "Sureties," to be designated
as Section 5 C, for the purpose of providing for the release
of the surety or sureties on the bond of any bank
acting as a depository for the funds of the State
Treasurer, and for the withdrawal of State funds from
said depository, if new bond with good and sufficient
surety or sureties is not furnished within thirty days.
SECTION 1. Be it enacted by the General Assembly of Mary-
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Capital stock
taken as
security.
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land, That the following additional section be added to the
Code of Public General Laws, title " Sureties," to follow
Section 5 B, and to be known as Section 5 C of said Article.
5 C. When the surety or sureties on the bond of any
bank used as a depository for the funds of the State by the
27
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New section
added.
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