HERBERT R. O'CONOR, GOVERNOR. 825

sister and/or children of the person who was so inducted
into the Armed Forces of the United States in World War
II, shall be entitled to all the rights and privileges of a
corporation so licensed which was in existence when this
sub-title became effective.

SEC. 2. And be it further enacted, That this Act shall
take effect June 1, 1945.

Approved April 23, 1945.

CHAPTER 742.
(Senate Bill 622)

AN ACT to repeal and re-enact, with amendments, Section
111 of Article 81 of the Annotated Code of Maryland
(1943 Supplement), title "Revenue and Taxes", sub-
title "Inheritance Tax", exempting jointly owned regis-
tered United States bonds passing to a surviving spouse
from the Inheritance Tax.

SECTION 1. Be it enacted by the General Assembly of Maryland,
That Section 111 of Article 81 of the Annotated Code of
Maryland (1943 Supplement), title "Revenue and Taxes",
sub-title "Inheritance Tax", be and it is hereby repealed
and re-enacted, with amendments, to read as follows:

111. The taxes imposed by the two preceding sections
of this sub-title shall apply to all tangible or intangible
property, real or personal, passing either by will or under
the intestate laws of this State, or by deed, gift, grant,
bargain or sale, made in contemplation of death, or in-
tended to take effect in possession or enjoyment at or after
the death of a decedent, including property in which the
decedent, prior to his death, had an interest as joint tenant
or tenant in common, and including property over which
the decedent retained any dominion during his lifetime,
except, however, any interest, legal or equitable of any
surviving spouse in any free-share account in any build-
ing or homestead association or in any monies on deposit
or in any registered bond of the United States in the names
of husband and wife passing to such surviving spouse.
In the case of joint bank accounts or joint building or home-
stead association accounts or shares, the form of the ac-
count shall be controlling notwithstanding a parol trust to
a contrary effect. The reservation of a beneficial interest