HERBERT R. O'CONOR, GOVERNOR. 683

ployees and other debts and liabilities, and said preference
may be asserted and enforced by any person or banking
institution substituted or succeeding as fiduciary, with re-
spect to any of such accounts, in the place and stead of said
banking institution so liquidated, dissolved or reorganized.

64E. Any banking institution as defined in Section 52
of this Article, whether incorporated under this Article or
by special act, which shall hereafter be appointed execu-
tor, administrator, guardian, trustee, receiver, committee
or depositary by the order of any court shall be required
to give bond for the faithful performance of its duties in
all cases where such bond is or may be required of a na-
tural person so appointed or acting, provided such bond
shall be requested by any person in interest or shall be
ordered by the court.

64F. In all cases in which any banking institution as
defined in Section 52 of this Article, whether incorporated
under this Article or by special Act, shall be acting as exe-
cutor, administrator, guardian, trustee, receiver, committee
or in any other fiduciary capacity, it shall be responsible
for losses of monies or property received or held by it in
any such fiduciary capacity, in the same cases and to the
same extent as individuals so acting would be.

SEC. 3. And be it further enacted, That this Act shall
take effect June 1, 1939.

Approved May 3, 1939.

CHAPTER 309.
(Senate Bill 251)

AN ACT to repeal and re-enact with amendments, Section
23 of Article 11 of the Annotated Code of Maryland
(1935 Supplement), title "Banks and Trust Companies",
sub-title "Banks".

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Section 23 of Article 11 of the Annotated
Code of Maryland (1935 Supplement), title "Banks and
Trust Companies", sub-title "Banks", be and the same is
hereby repealed and re-enacted with amendments to read
as follows: