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Session Laws, 1961 (Special Session), House and Senate Journals
Volume 648, Page 8   View pdf image (33K)
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10 LAWS OF MARYLAND [CH. 1

savings and loan association laws of Maryland which it deems de-
sirable.

16OF. ADMINISTRATION.

(a) State Department of Assessments and Taxation. The terms
and conditions of this sub-title shall be administered by the State
Department of Assessments and Taxation. Wherever the term "De-
partment" is used in this sub-title, said term shall mean the State
Department of Assessments and Taxation. There is hereby conferred
upon the Department such powers as may be necessary and proper
to the full and effectual execution of the purposes of this Article
relative to associations.

(b) Director of State Department of Assessments and Taxation.
(1) The Director of the State Department of Assessments and Taxa-
tion shall have general supervision over all associations which are
subject to the provisions of this Article by use of the powers con-
ferred upon him by law. Wherever the term "Director" is used in
this sub-title, said term shall mean the Director of the State De-
partment of Assessments and Taxation.

(2) The Director may pass such orders as he deems necessary to
compel any association: (i) to comply with its charter, constitution
and by-laws; (U) to comply with the laws of this State to. carry out
the purposes of this sub-title; (Hi) to comply with such regulations
as may be adopted pursuant to the provisions of this sub-title. But,
no such order shall become effective until the Director shall have first
given the directors of such association, or their representatives, an
opportunity to be heard at a time and place designated by the Director.

(3) The Director shall have full power to:

(i) establish methods and standards: (a) to be used in making
examinations of associations; (b) for the valuation of assets of asso-
ciations; (e) for advertising and promotional activities by asso-
ciations;

(U) to make, adopt, modify and amend such rules and regulations
as may be reasonable and necessary to carry out the provisions of
this Article, and to define any terms used therein as they may relate
to or affect associations.

160G. OATHS; SUBPOENAS.

(a) Power to administer and issue. At any hearing before the
Department provided for in this sub-title, any duly authorized repre-
sentative of the Director shall have the power to administer oaths.
In connection with any such hearing, such representative may issue
subpoenas to compel the attendance and testimony of witnesses or
the production of documents, either on such representative's own
motion or at the request of any intervenor or party, which sub-
poenas shall extend to all parts of the State and shall be issued and
signed by the Director. The Director shall have power on motion
after due notice, for good cause, to quash or modify any subpoena
on the ground that such subpoena is unduly burdensome, unreason-
able or oppressive. Subpoenas shall be served personally through the
sheriff's office in the city or county in which service can be made, or
by any person of lawful age.



 

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Session Laws, 1961 (Special Session), House and Senate Journals
Volume 648, Page 8   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


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