THEODORE R. McKELDIN, GOVERNOR                   725

"Workmen's Compensation", sub-title "Suit—Methods of Insur-
ance", said new sub-section to follow immediately after Sub-section
15(3) (e) thereof, and to read as follows:

15.
(8).

(f). Any employer who has deposited securities with the Com-
mission in accordance with the provisions of this Section and the
requirements of the Commission, to secure his liability to pay com-
pensation to his employees, and who thereafter ceases to be an
employer subject to the provisions of this Article, or secures com-
pensation to his employees by insuring in the State Accident Fund,
or with a corporation or association authorized to transact the busi-
ness of workmen's compensation insurance in this State, shall, upon
application, be entitled to the return of said deposited securities, if,
within the period of three (3) years from the date he ceased to be
an employer subject to the provisions of this Article, or the date
upon which he first secured compensation to his employees in the
manner above set forth, no claim has been made against said
employer for which he was liable as a self-insurer. PROVIDED,
HOWEVER, THE COMMISSION AFTER REVIEWING ANY AP-
PLICATION FOR THE RETURN OF SAID SECURITIES SHALL
HAVE THE RIGHT TO REQUIRE THE APPLICANT TO EXE-
CUTE AND DELIVER TO THE COMMISSION A CORPORATE
OR PERSONAL INDEMNITY BOND IN THE AMOUNT OF THE
VALUE OF THE SECURITIES TO BE RELEASED.

SEC. 2. And be it further enacted, That this Act shall take effect
June 1, 1955.

Approved April 18, 1955.

CHAPTER 432
(Senate Bill 240)

AN ACT to repeal and re-enact, with amendments, Section 258 of
Article 77 of the Annotated Code of Maryland (1951 Edition),
title "Public Education", sub-title "Free Scholarships", sub-head-
ing "University of Maryland", providing for the right of transfer
among members of the General Assembly of scholarship appoint-
ments made by them to the University of Maryland at College
Park and to its College for Negroes at Princess Anne.

SECTION 1. Be it enacted by the General Assembly of Maryland,
That Section 258 of Article 77 of the Annotated Code of Maryland
(1951 Edition), title "Public Education", sub-title "Free Scholar-
ships", sub-heading "University of Maryland", be and it is hereby
repealed and re-enacted, with amendments, to read as follows:

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.