1068 LAWS OF MARYLAND. [CH. 62&

nexed to the triplicate of the said certificate of organization
and of said by-laws, which certificate of approval together with
said attached triplicate certificate of organization and tripli-
cate by-laws duly acknowledged, shall be filed with the State
Tax Commission and one copy of each shall be filed with the
Bank Commissioner. The corporation so formed shall have no
legal existence until all the copies of the certificate of organiza-
tion and by-laws have been filed for record as herein directed.
The fee for filing such copy of the articles of incorporation
and by-laws with the Bank Commissioner shall be ten dollars
($10. 00). The State Tax Commission shall charge fees at the
same rate for filing said certificates of approval as is now
allowed for filing certificates of incorporation under the
General Corporation Law of the State.

128. The use by any person, co-partnership, association or
corporation except corporations formed under the provisions
of this sub-title, of any name or title which contains the word&
"credit union" shall be a misdemeanor; provided, however,
that this section shall not apply to a group of credit unions
organized pursuant to the provisions of this Article or the
Federal Credit Union Act forming an association or league,
whether incorporated or not.

131. Credit unions shall be subject to the supervision of
the Bank Commissioner and shall be examined at least an-
nually by him or one of his deputies. The Bank Commission-
er may order such additional examinations as he may deem
to be necessary. In January of each year each credit union
shall make a report to the Bank Commissioner of the busi-
ness of the preceding calendar year in such detail as the Bank
Commissioner may require on blank forms supplied by him for
the purpose. He may require such further reports from time*
to time as he may deem necessary. All reports shall be
signed and acknowledged by either the president, vice-presi-
dent, secretary or treasurer and a majority of the members
of the supervisory committee.

For failure to file a report when due a credit union shall for-
feit to the State five dollars for each day such neglect continues,
and if it continues for more than fifteen days, the said Bank
Commissioner may revoke the certificate of approval of said
corporation and said corporation shall thereupon discontinue
doing business until such time as it may be permitted to con-
tinue to do business by a reissuance of the certificate of ap-
proval by the Bank Commissioner. If the Bank Commissioner,
upon examination, finds that the credit union is insolvent or
that it has violated any of the provisions of this sub-title or
that, in his judgment, any of its practices are unsafe, he may
by an order made over his hand and official seal, order said