clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e

PLEASE NOTE: The searchable text below was computer generated and may contain typographical errors. Numerical typos are particularly troubling. Click “View pdf” to see the original document.

  Maryland State Archives | Index | Help | Search
search for:
clear space
white space
Session Laws, 1910 Session
Volume 487, Page 30   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

30 LAWS OF MARYLAND.

receiver, assignee or trustee of such corporation acting under
the orders of a court of competent jurisdiction. Nothing in
this section or Act shall be construed to repeal or affect the
existing rights of creditors or liabilities of stockholders of any
trust company under the existing law at the time of the pas-
sage or taking effect of this Act.

69. The shares of stock of an incorporated bank or trust
company shall be deemed personal property, and shall be trans-
ferred on the books of the corporation in such manner as the
by-laws thereof may direct, and no transfer of stock shall be
valid while the corporation is under notice to make good the
impairment of its capital, as provided in this Act, nor until
such impairment shall have been made good.

70. Whenever any deposit shall be made in any bank, sav-
ings institution or trust company, by and in the name of any
minor or female being or thereafter becoming a married woman,
the same shall be held for the exclusive right and benefit of such
minor or female, and free from the control or lien of all per-
sons whatsoever, except creditors, and shall be paid, with any
interest due thereon, to the person in whose name the deposit
shall have been made, and the receipt of such minor or female
shall be a sufficient release or discharge for such deposit to the
bank.

71. Whenever any deposit shall be made by any person in
trust for any other, and no other or further notice of the exist-
ence and terms of a legal and valid trust shall have been given
to the bank, savings institution or trust company, in the event
of the death of the trustee, the same or any part thereof and
any interest due thereon may be paid to the person for whom
the said deposit was made.

72. When a deposit has been made or shall hereafter be
made in any bank, savings institution or trust company, in the
names of two persons, payable to either, or payable to either or
the survivor, such deposit or any part thereof, or any interest
or dividend thereon, may be paid to either of said persons,
whether the other be living or not; and the receipt or acquit-
tance of the person so paid shall be a valid and sufficient release
and discharge to the bank for any payment so made.

73. Legal process against any banking institution may be
served upon such institution in the manner now provided by
law for such service on other corporations organized under the
laws of this State.

74. No person, copartnership or corporation engaged in the
banking business in this State, not subject to supervision and
examination by the Bank Commissioner, and not required to


 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1910 Session
Volume 487, Page 30   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  October 06, 2023
Maryland State Archives