830

LAWS OF MARYLAND.

giving a full, true and careful statement of the condition of
said bank, but no person shall be so appointed an examiner for
the purpose of investigating the condition of the affairs of any
bank in this State, who shall be an officer, agent or employe
thereof.
32. That whenever the treasurer of this State shall become
satisfied that any of the associations mentioned in this Article

Charter
declared
forfeited.

shall have failed to comply with the provisions thereof, he, the
treasurer of this State, shall have the right by his certificate, with
the approval of the Governor of the State, to declare the char-
ter of such association, company or corporation forfeited, and
said certificate shall be conclusive evidence of such forfeiture,
and thereafter shall appoint, with the assent of the Governor
of this State, a receiver of all the assets of such association,
and the receiver so appointed shall thereupon by his petition
submit himself and his administration of said assets to the
jurisdiction of any court of the county or city where such
association, company or corporation may have its principal
office, having chancery jurisdiction with the view of converting
said assets into cash for distribution, under the orders of such
court, to the persons entitled thereto, or he may be brought into
such court in due course. The receiver so appointed, before fur-
ther proceeding upon the discharge of his duties, shall give
bond in such penalty as may be prescribed by said court, and the
proceedings thereafter had in said court shall confornj to the
practice of courts of this State having general chancery juris-
diction, where a receiver may be appointed by a decree thereof.
If any receiver so appointed by the treasurer, with the assent
of the Governor of this State, shall from any cause fail to file
said petition, or to give the required bond within five days
after the date of his appointment, the treasurer shall thereupon
with the approval of the Governor of this State appoint some
other person receiver in the place and stead of the person first
appointed, and such person shall proceed to take charge of and
administer the assets of such association in the same manner as
if he had been the receiver first appointed ; and if from any
cause any vacancy in the receivership shall occur after the
filing of said petition and the giving of said bond, such vacancy
shall be filled by a decree of the court wherein such petition
shall have been filed.

Not subject
to certain

powers.

33. That no association affected by the provisions of this
Article shall be subject to any visitorial powers other than such
as are authorized by this Article and its charter.
34. The persons appointed to be examiners of the associa-
tions affected by this Article shall receive as compensation for