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Session Laws, 1927
Volume 569, Page 678   View pdf image (33K)
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678 LAWS OF MARYLAND. [CH. 373

CHAPTER 373.

AN ACT to repeal and re-enact with amendments Section 56
of Article 11 of the Annotated Code of Maryland (1924
Edition), title "Banks and Trust Companies, " sub-title
"General Regulations, " so as to reduce the number of re-
ports to be made each calendar year by every bank and trust
company to the Bank Commissioner.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Section 56 of Article 11 of the Annotated
Code of Maryland (1924 Edition), title "Banks ' and Trust
Companies, " sub-title "General Regulations, " be and the same
is hereby repealed and re-enacted with amendments, to read
as follows:

56. Every bank and trust company shall make to the Bank
Commissioner not less than three reports during each calen-
dar year, at such times as the said Bank Commissioner
shall require the same, according to the forms which he shall
prescribe and furnish. Such forms shall conform as nearly as
practicable to that required of National Banks, including the
schedules. Such reports shall be signed and verified by the
oath or affirmation of either the president, cashier or treasurer
of such bank or trust company before a Notary Public or
Justice of the Peace; if before a Justice of the Peace, then
such Justice shall be certified to by the Clerk of the Circuit
Court or of the Superior Court of Baltimore City, as the case
may be. Such report shall exhibit in detail and under proper
heads the resources and liabilities of the bank or trust company
at the close of the business of any past day by the Bank Com-
missioner specified, and shall be transmitted to said Bank Com-
missioner within ten days after the receipt of the request from
him. Such reports shall be published in a newspaper of the
city or village or county where such bank or trust company is
located, in such condensed form as may be prescribed by the
Bank Commissioner. Proof of said publication shall be fur-
nished to the said Bank Commissioner within fifteen days after
the receipt of the aforesaid call. At least once in each year
every bank and trust company shall report to the Bank Com-
missioner on call by him a list of its stockholders, their resi-
dences and the amount of stock held by each, which report shall
be signed and verified by the oath and affirmation of one of the
officers of said bank or trust company. The Bank Commis-

 

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Session Laws, 1927
Volume 569, Page 678   View pdf image (33K)
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