HERBERT R. O'CONOR, GOVERNOR. 1069

credit union to discontinue said illegal or unsafe practices,
after a hearing or any opportunity for a hearing has been
afforded said credit union. If said credit union fails to com-
ply with said order within sixty days the Bank Commissioner
may take possession of the business and property of said credit
union and retain such possession until such time as he may
permit it to resume business or cause its affairs to be finally
liquidated as by law provided.

132. The examination of Credit Unions by the Bank Com-
missioner shall be paid for by such Credit Unions at the fol-
lowing rate for each examination: A charge of five dollars
($5. 00) for each examination shall be made in all cases, to
which shall be added, after first deducting the sum of ten
thousand dollars ($10, 000. 00) from the total assets of the in-
stitution so examined, an additional charge of ten dollars
($10. 00)plus 1/20 of 1 per cent, of such remaining assets. The
Bank Commissioner shall collect the amounts named from the
institution examined and pay the same to the State Treasurer.

138. The capital of a credit union shall consist of the
payments that have been made to it by the several members
thereof on shares. Shares may be subscribed for and paid in
such manner as the by-laws may provide. The credit union
shall have a lien on the shares of any member and upon any
dividends payable thereon for and to the extent of any loan
outstanding, whether matured or not, upon which he may be
liable as maker, co-maker, surety or endorser, and of any dues
and fines payable by him. Upon resignation or expulsion of
a member a credit union may cancel the shares of such mem-
ber and apply their withdrawal value towards the liquidation
of said member's indebtedness. A credit union may, if the by-
laws so provide, charge an entrance fee and also a transfer fee,
neither of which fees shall exceed twenty-five cents.

141. Any capital, deposits or surplus of a credit union,
in excess of the amount for which loans to members shall be
approved by the credit committee, may be deposited in bank-
ing institutions organized under the laws of Maryland, or in
national banks located therein, or may be invested in registered
or coupon bonds of the United States, the State of Maryland,
or any county or municipality of this State, including public
stock debt of Baltimore City or any other investments with
the prior approval of the Bank Commissioner.

142. A credit union may loan to its members for such
purposes, and upon such security and terms as the by-laws
shall provide, and the credit committee may approve, but
security need not be taken for any loan of one hundred dollars