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Session Laws, 1918 Session
Volume 486, Page 46   View pdf image (33K)
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46 LAWS OF MARYLAND. [CH. 33

be and the same hereby are, respectively, repealed, and re-
enacted with amendments, so as to read as follows:

2. The Bank Commissioner may, with the approval of the
Governor, appoint, and with his consent, remove a Deputy
Bank Commissioner, at a salary not exceeding two thou-
sand five hundred dollars per annum, and not more than
four clerks or examiners, at salaries not exceeding fif-
teen hundred dollars per annum each, as the public business
in his charge may require. Whenever it becomes necessary for
the Bank Commissioner to take charge of a failed banking in-
stitution, as receiver, as provided in this article, he may ap-
point such additional clerks as he may deem necessary for the
purpose of such receivership; the salaries of such clerks to be
paid out of the funds of the failed banking institution. The
Deputy Bank Commissioner and the office clerks shall give
bond in such sums as the Governor and the Bank Commis-
sioner may determine for the faithful performance of their
respective duties, said bonds to be approved by the Governor
and the cost to be charged as expense of the office.

7. The Commissioner, Deputy Commissioner, or an Ex-
aminer appointed by the Commissioner shall at least once in
each year, and whenever he considers it expedient, visit each
banking institution in this State, other than National Banks.
At such visits he shall in the presence of one of the officers ef
the institution, have free access to the vaults, books and papers,
and he shall inspect and examine the affairs of the institution,
to ascertain its condition and see whether it complies with the
provisions of law.

14. The Bank Commissioner, his deputy, attorney and
every clerk or examiner in his department shall be bound by
oath to keep secret all the facts and information obtained in
the course of such examination, except so far as the public duty
of such officer requires him to report upon or take special action
regarding the affairs of any banking institution, and except
when called as a witness in any criminal proceeding or trial
in a Court of Justice. If any Bank Commissioner, deputy,
clerk or examiner in such department shall disclose the name
of any debtor of any banking institution, or anything relative
to the private accounts or transactions of such institution, or
shall disclose any fact discovered in the course of his examina-
tion, except as herein provided, he shall be subject, on convic-
tion thereof, to forfeiture of his office, and to the payment of

 

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Session Laws, 1918 Session
Volume 486, Page 46   View pdf image (33K)
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