ALBERT C. RITCHIE, GOVERNOR.                  761

this State having capital stock, in the same manner that ordi-
nary business corporations having stock may consolidate under
the general laws of this State; and the rights of any stock-
holder of any consolidating banking institution of this State
having capital stock, who shall dissent to the plan for consoli-
dation at the stockholders' meeting at which the said plan is
submitted to the stockholders, shall be the same as the rights
of a dissenting stockholder of an ordinary business corporation
of this State; but no such consolidation shall be made without
the consent of the Bank Commissioner, and not then to defeat
or defraud any of the creditors of any such institution in the
collection of their debts against such institution, or either of
them; and such a banking institution which is, in good faith,
winding up its business for the purpose of consolidating with
some other banking institution, may transfer its resources and
liabilities to the banking institution with which it is in process
of consolidation.

63. No bank or trust company shall carry without the
approval of the Bank Commissioner for a longer period than
ninety days bills payable or rediscounts in an aggregate amount
greater than its paid in capital and surplus. The period of
ninety days herein specified may be extended with the written
authority of the Bank Commissioner.

SEC. 8. And be it further enacted, That three new sections
be added to Article 11 of the Annotated Code of the Public
General Laws of Maryland, Edition of 1924, entitled "Banks
and Trust Companies, " sub-title "Savings Institutions, " the
said three new sections to follow immediately after Section 40
of said Article, to be known as Sections 40A, 40B and 40C,
and to read as follows:

40A. Every savings institution incorporated under this
Article or heretofore incorporated may amend its charter or
articles of association in any manner not inconsistent with the
provisions of law, at any time; such amendment shall be by a
vote, in person or by proxy, of two-thirds of its corporate mem-
bers, or like governing bodies, and in event there is no such
body, the amendment may be by vote of two-thirds of the board
of directors, such vote to be taken at a meeting duly called for
that purpose as provided by law. The amendment, certified:
by the president and treasurer, shall be executed, approved,,
filed and recorded as required for articles of association.