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Session Laws, 1957
Volume 640, Page 22   View pdf image (33K)
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22                                Laws of Maryland                         [Ch. 19

may from time to time select. For the safekeeping and forthcoming,
when required, of said deposits, the depository bank, banks or trust
companies shall be required to deposit with the Bank Commissioner,
the Deputy Bank Commissioner or a Senior Examiner, Federal Gov-
ernment securities and those issued under the authority of the Federal
Government, State of Maryland Bonds or any county or municipality
thereof and Baltimore City Stock, in lieu of a surety bond, as security
for said deposits. Such securities shall be accepted at not more than
par, or market value if selling at less than par, and shall at all times
be equal to the amount of funds deposited by the Receiver in said
bank, banks or trust companies; provided, however, that said receiver
shall not be required to retain such collateral for funds remaining in
his hands more than six months after a distribution account has been
ratified as required by the Court having jurisdiction and the dividend
checks actually mailed to the creditors entitled to receive the same.

Sec. 2. And be it further enacted, That this Act shall take effect
June 1, 1957.

Approved January 28, 1957.

CHAPTER 19
(House Bill 49)

AN ACT to repeal Sections 64 and 66 of Article 35 of the Annotated
Code of Maryland (1956 Supplement), title "Evidence", sub-title
"Proof of Accounts", and to enact new Sections 64 and 66 in lieu
thereof, to stand in the place of the sections so repealed, re-enacting,
without change, the provisions of said two sections as last amended
by Chapter 73 of the Acts of 1956, in order to eliminate any further
question concerning the possible invalidity in the title of said
Chapter 73 of 1956, and generally amending the evidential law of
this State concerning proof of accounts.

Whereas, In Chapter 73 of the Acts of 1956, amendments were
made to Sections 64 and 66 of Article 35 of the Code concerning proof
of accounts under the laws of evidence; and

Whereas, In the original wording of these two sections, there was
a reference to Rules of Court, this reference being stricken out by
amendment while the bill was being considered in the General
Assembly; and

Whereas, A comparable reference to Rules of Court which was
contained in the title of the 1956 bill was not removed, thereby
raising some question as to the possible inconsistency of the title
and the text of Chapter 73 of 1956; and

Whereas, It is desirable to re-enact the provisions of said Chapter
73 of 1956, without change, in order to cure any possible question
about the invalidity of its title; now, therefore

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, 1957
Volume 640, Page 22   View pdf image (33K)
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