932                               LAWS OF MARYLAND                        [CH. 568

206. (a) Whenever any deposit, account or share account or
balance in any deposit, account or share account (legal, beneficial,
equitable or otherwise) in any bank, trust company, savings institu-
tion, national bank, savings and loan association or Federal savings
and loan association has been dormant (except for any crediting of
interest thereon which may have been made) for at least ten (10)
years, such bank, trust company, savings institution, national bank,
savings and loan association or Federal savings and loan association
shall be authorized, in its discretion, thereafter to impose a service
or maintenance charge in the amount of Fifty Cents (50) per
annum where such deposit, account or share account or balance
therein does not exceed the sum of Fifty Dollars ($50.00) and a
service or maintenance charge of $1.00 per annum where such
deposit, account or share account or balance therein exceeds the
sum of Fifty Dollars ($50.00), provided that where there is a
written contract between any of the institutions herein enumerated
and its depositors or customers, the terms and conditions of such
contract shall prevail, anything in this section to the contrary not-
withstanding. No deposit in a savings account in any banking
institution shall be deemed to be subject to any restriction upon
withdrawals imposed by law because of the fact that such institu-
tion may require the depositor to give notice, not exceeding ninety
(90) days, of his intention to withdraw the whole, or any part, of
of his deposit. A deposit, account or share account or balance in
any deposit, account or share account in any bank, trust company,
savings institution, national bank, savings and loan association or
Federal savings and loan association shall be presumed to be dormant
unless the books or records of such bank, trust company, savings
institution, national bank, savings and loan association or Federal
savings and loan association show that the owner or owners (legal,
beneficial, equitable or otherwise) have either (1) had a transfer,
disposition of interest or other transaction with respect thereto; or
(2) communicated in writing with such bank, trust company, sav-
ings institution, national bank, savings and loan association or
Federal savings and loan association with respect thereto; or (3)
been credited with interest or dividends on the passbook or certificate
of deposit of such depositor or (4) increased or decreased the
amount of such deposit, account or share account or balance in any
deposit or share account.

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

Approved April 25, 1955.

CHAPTER 568
(Senate Bill 205)

AN ACT to repeal and re-enact, with amendments, Section 10 of
Article 36 of the Annotated Code of Maryland (1951 Edition),

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.