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Session Laws, 1935
Volume 579, Page 1048   View pdf image (33K)
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1048 LAWS OF MARYLAND. [CH. 501
CHAPTER 501.

AN ACT to add a new section to Article 11 of the Code of
Public General Laws of Maryland, entitled "Credit
Unions, " the said new section to follow immediately after
Section 7 under "Credit Unions" to be known as Section
7-A, providing for a fee for examination of Credit
Unions. .

SECTION 1. Be it enacted by the General Assembly of
Maryland, That a new section be, and the same is hereby
added to Article 11 of the Code of Public General Laws of
Maryland, entitled "Credit Unions, " the said new section
to follow immediately after Section 7 under "Credit
Unions, " to be known as Section 7-A, and to read as
follows:

7-A. The examination of Credit Unions by the Bank
Commissioner shall be paid for by such Credit Unions at
the following rate for each examination: A charge of five
dollars ($5. 00) for each examination shall be made in all
cases, to which shall be added, after first deducting the
sum of ten thousand dollars ($10, 000. 00) from the total
assets of the institution so examined, 1/20 of 1 per cent, of
such remaining assets. The Bank Commissioner shall col-
lect the amounts named from the institution examined and
pay the same to the State Treasurer.

SEC. 2. And be it further enacted, That this Act shall
take effect on June 1, 1935.

Approved April 29, 1935.

CHAPTER 502.

AN ACT to provide for the appointment of Commissioners
from Maryland to the National Conference of Commis-
sioners on Uniform State Laws for the promotion of uni-
formity of legislation in the United States.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That within thirty days after the date on which
this act shall become effective and every fourth year here-
after, on or before the first day of June of said year, the

 

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Session Laws, 1935
Volume 579, Page 1048   View pdf image (33K)
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