ALBERT C. RITCHIE, GOVERNOR.                  751

resume business or its affairs be finally liquidated as herein
provided. On taking possession of the property and business
of any such institution the Bank Commissioner shall forth-
with give notice of such fact to any and all banks, trust com-
panies, association, and individuals holding or in possession
of any assets of such institution, and shall also cause such no-
tice to be given by advertisement in such newspapers as he may
direct, and also to cause a notice to be posted on the front door
of such institution as follows: "This institution is in charge
of the Bank Commissioner. " Immediately upon posting said
last mentioned notice by the Bank Commissioner, the prop-
erty, assets and business of such institution shall be considered
to be in the possession of the Bank Commissioner, which fact
shall operate as a bar to any and all attachments, liens, execu-
tions or distraints of any kind, and shall also operate to place
the assets of said institution in the hands of said Bank Com-
missioner, as receiver, the same as if he had been appointed
by an order of court. Such institution may with the consent
of the Bank Commissioner, or with the consent of the court,
resume business upon such conditions as the Bank Commis-
sioner may approve. Immediately upon taking possession of
the property and business of said institution the Bank Com-
missioner shall forthwith cause proper proceedings to be insti-
tuted in the name of the State of Maryland versus said insti-
tution, in a court of competent jurisdiction, for the purpose of
having the court assume jurisdiction over its property and busi-
ness for final liquidation. The said Bank Commissioner shall
receive no additional compensation for his service as receiver,,
but- shall be allowed clerical, traveling and legal expenses, sub-
ject to the court's order. He shall furnish such bond as the
court may require.

11. If in the opinion of the Bank Commissioner any bank-
ing institution, and any of the officers, managers and trustees
of any banking institution, have violated any of the provisions
of this or any law governing the same, ho may forthwith report
such violation to the Governor of the State, who may direct the
Attorney General to institute a proper proceeding for1 the
prosecution for such violation.

15. Neither the Bank Commissioner, Deputy Bank Com-
missioner nor any of the Clerks in the employ of the Bank
Commissioner's office, shall become indebted to any banking
institution, or other institution subject to the jurisdiction of