HERBERT R. O'CONOR, GOVERNOR. 79
be "Against Athletic Games or Sports on Sunday", then this
Act shall be null and void and of no effect whatsoever.
SEC. 2. And be it further enacted, That this Act shall be
declared an emergency law and necessary for the immediate
preservation of the public health and safety and being passed
by a yea and nay vote, supported by three-fifths of all the
members of the two Houses of the General Assembly, the same
shall take effect from the date of its passage.
Approved May 17, 1939.
CHAPTER 52.
(House Bill 77)
AN ACT to repeal and reenact, with amendments, Section 195
of Article 48A of the Code of Public General Laws of Mary-
land, title "Insurance", sub-title "Installment Accumulation
Contracts", relating to the liquidation of insolvent or il-
legally conducted companies engaged in writing installment
accumulation contracts.
SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section 195 of Article 48A of the Code of Public
General Laws of Maryland, title "Insurance, " sub-title "In-
stallment Accumulation Contracts", be and the same is hereby
repealed and reenacted, with amendments, to read as follows:
SEC. 195. Liquidation of Insolvent or Illegally Conducted
Companies. Whenever the Commissioner shall have reason to
believe that any company is insolvent, or fraudulently con-
ducted, or that its assets are not sufficient for carrying on the
business of the same, or during any non-compliance with the
provisions of this sub-title, it shall be his duty in addition to
revoking the license of such company, to proceed against it as
provided by Sections 51 to 51K, both inclusive, of this Article,
for the liquidation of insolvent or fraudulently conducted in-
surance companies.
SEC. 2. This Act is hereby declared to be an emergency law
and necessary for the immediate preservation of the public
health and safety and having been passed upon a yea and nay
vote, supported by three-fifths of all the members elected to
each of the two Houses of the General Assembly, the same
shall take effect from the date of its passage.
Approved May 3, 1939.
|
|