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Session Laws, 1955
Volume 620, Page 830   View pdf image (33K)
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830                               LAWS OF MARYLAND                        [CH. 492

investigated is violating the provisions of this sub-title, then the Com-
missioner may collect from the person investigated the same ex-
amining costs and in the same manner as if the person were a licensee
hereunder.

(B)    (Access to Records; Witnesses.) for the purpose of this
section the Commissioner or his duly authorized representative shall
have and be given free access to the offices and places of business,
files, safes, and vaults of all such persons, and shall have authority to
require the attendance of any person and to examine him under
oath relative to such loans or such business or to the subject matter
of any examination, investigation, or hearing.

(C)    (Cease and Desist Orders; Injunctions; Receivers.) When-
ever the Commissioner has reasonable cause to believe that any
person is violating any provision of this sub-title, he may, in addition
to all actions provided in this sub-title, and without prejudice thereto,
enter an order requiring such person to desist or to refrain from such
violation; and an action may be brought in Circuit Court of any
county or any law court of Baltimore City on the relation of the
Attorney General and the Commissioner to enjoin such person from
engaging in or continuing such violation or doing any act or acts in
furtherance thereof. In any such action, an order or judgment may
be entered awarding such preliminary or final injunction as may be
deemed proper. In addition to all other means provided by law for
the enforcement of a restraining order or injunction, the court in
which such action is brought shall have power and jurisdiction to
impound, and to appoint the Commissioner as receiver for the prop-
erty and business of the defendant, including books, papers, docu-
ments and records pertaining thereto or, so much thereof as the court
may deem reasonably necessary to prevent violations of this sub-
title through, or by means of the use of said property and business.
Such receiver, when appointed and qualified, shall have such powers
and duties as to custody, collection, administration, winding up, and
liquidation of such property and business as shall from time to time
be conferred upon him by the court.

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

Approved April 18, 1955.

CHAPTER 492
(House Bill 487)

AN ACT to add new Section 255 A to the Code of Public Local Laws of
Baltimore County (1948 Edition), title "Baltimore County", sub-
title "Title 19. Pensions", sub-heading "School System", to follow

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, 1955
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