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Session Laws, 1951
Volume 603, Page 170   View pdf image (33K)
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170 LAWS OF MARYLAND [CH. 80

tions", said new section to be known as Section 102A, to follow
immediately after Section 102 of said Article, and to read as
follows:

102A. No banking institution doing business in this State
shall be required to recognize, or take any action with respect
to, any claim to a deposit or to money or property in its hands
or contained in a safe deposit box, adverse to the interests of
any person, corporation or other legal entity, appearing on its
records as entitled to receive from it such deposit, money or
property or a part thereof, except that if there is served upon
such banking institution a restraining order, injunction, at-
tachment, garnishment, order to show cause, or other order,
or decree, issued or entered by a court in this State in an ac-
tion, to which the adverse claimant is a party, involving a
claim to the whole or a part of such deposit, money or prop-
erty, then such institution may, or to the extent required
thereby shall, impound and withold all or any part of such
deposit, money or property, subject to further order of the
Court and without any liability on its part to anyone for so
doing.

SEC. 2. And be it further enacted, That this Act shall take
effect June 1, 1951.

Approved March 14, 1951.

CHAPTER 80
(House Bill 21)

AN ACT to repeal and re-enact, with amendments, Section 71
of Article 11 of the Annotated Code of Maryland (1947
Supplement), title "Banks and Trust Companies, " sub-title
"General Regulations, " permitting a bank or trust com-
pany to purchase, hold and convey real estate for the pur-
pose of providing parking accommodations primarily for
its customers.

SECTION 1. Be it enacted by the General Assembly of Mary-
land,
That Section 71 of Article 11 of the Annotated Code of
Maryland (1947 Supplement), title "Banks and Trust Com-

——————

EXPLANATION: Italics indicate new matter added to existing law.

[Brackets] indicate matter stricken from existing law.
CAPITALS indicate amendments to bill.
Strike out indicates matter stricken out of bill.


 

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Session Laws, 1951
Volume 603, Page 170   View pdf image (33K)
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