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Session Laws, 1908 Session
Volume 483, Page 1208   View pdf image (33K)
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1208 LAWS OF MARYLAND.

certificates of indebtedness, stocks of incorporated companies,
notes, loans or bonds of the United States, or of any city
or county or municipality, or any incorporated company or
any individual.

SEC. 5. And be it enacted. That whenever any deposits shall
be made by a minor or married woman, such deposits shall be
received or held and paid upon precisely the same conditions
as those of an adult male or adult female depositors, and the
directors of said bank may, at their discretion, pay to any
minor or feme covert depositors such sum or sums of money as
may be due to him or her, and the check, receipt or acquit-
tance of such minor or feme covert shall be valid, any law of
this State to the contrary notwithstanding.

SEC. 6. And be it enacted. That said bank may receive upon
storage, deposit or otherwise mortgages, special plate, bull-
ion, stocks, promissory notes, certificates or evidence of debt,
contracts and all other personal property, and advance money
thereon, on such terms as may be established or approved by
said bank; that in all cases in which public officers or municipal
or private corporations are authorized to deposit money, stocks,
bonds or other evidence of debt, such deposit by such officer
or corporation may be made in said bank.

SEC. 7. And be it enacted, That the stockholders of said
bank be and they are hereby authorized and empowered, in
their discretion, at any meeting, either regular or special, to
elect such additional directors of said bank as they may deem
advisable; provided, that the total number of said additional
directors shall not exceed three, making the maximum mem-
bership in said board fifteen.

SEC. 8. And be it further enacted. That the provisions of
this article are subject, however, to the legal operation and
effect of the Acts of 1892, chapter 109, as amended by Acts
of 1904, chapter 101, in reference to the stockholders' liability
of such company; provided, however, that said company shall
be subject to the provisions of article 11 of the Public General
Laws of this State, title "Banks," and any amendments thereof,
and the liability of the stockholders thereof shall at all
times be determined by the laws of the State in force at the
time the said liabilities may attach.

SEC. 9. And 5e it further enacted, That this Act shall take
effect from the date of its passage.

Approved March 10, 1908.

 

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Session Laws, 1908 Session
Volume 483, Page 1208   View pdf image (33K)
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