J. MILLARD TAWES, Governor 189

ADVANTAGE WILL BE PROMOTED BY ALLOWING SUCH
PROPOSED CORPORATION TO ENGAGE OR CONTINUE IN
BUSINESS. AFTER THE BANK COMMISSIONER SHALL HAVE
SATISFIED HIMSELF BY SUCH INVESTIGATION WHETHER
IT IS EXPEDIENT AND DESIRABLE TO PERMIT SUCH PRO-
POSED CORPORATION TO ENGAGE OR CONTINUE IN BUSI-
NESS, HE SHALL HAVE POWER TO REQUIRE SUCH
CHANGES IN SAID CERTIFICATE AS HE MAY DEEM NECES-
SARY. HE SHALL WITHIN SIXTY DAYS AFTER THE DATE
OF THE FILING OF SUCH CERTIFICATE FOR EXAMINA-
TION, ENDORSE UPON EACH OF THE TRIPLICATES THERE-
OF, OVER HIS OFFICIAL SIGNATURE, THE WORD "AP-
PROVED" OR THE WORD "REFUSED" WITH THE DATE OF
SUCH ENDORSEMENT. IN CASE OF REFUSAL HE SHALL
RETURN ONE OF THE TRIPLICATES SO ENDORSED TO THE
PROPOSED INCORPORATORS. IN CASE OF APPROVAL, THE
TRIPLICATES SHALL BE RETURNED TO THE PROPOSED
INCORPORATORS. ONE COPY SHALL THEN BE FILED FOR
RECORD IN THE OFFICE OF THE CLERK OF THE CIRCUIT
COURT IN THE COUNTY IN WHICH THE TRUST COMPANY
IS TO BE LOCATED, OR IN THE OFFICE OF THE CLERK OF
THE SUPERIOR COURT OF BALTIMORE CITY, WHEN TO BE
LOCATED IN SAID CITY, AND ONE COPY SHALL BE FILED
WITH THE BANK COMMISSIONER, WHO SHALL ISSUE HIS
CERTIFICATE THEREFOR, AND ONE COPY SHALL BE FILED
WITH THE STATE TAX COMMISSION. THE CORPORATION
SO FORMED SHALL HAVE NO LEGAL EXISTENCE UNTIL
ALL THE COPIES OF THE ARTICLES OF INCORPORATION
HAVE BEEN FILED FOR RECORD AS HEREIN DIRECTED.
THE FEE FOR FILING SUCH ARTICLES OF INCORPORATION
WITH THE BANK COMMISSIONER SHALL BE TWENTY DOL-
LARS ($20. 00), AND FOR FILING AMENDMENTS TO THE
ARTICLES OF INCORPORATION, TEN DOLLARS ($10. 00), ALL
SUCH FEES TO BE COLLECTED BY THE BANK COMMIS-
SIONER.

SBC. 2. And be it further enacted, That this Act shall take effect
June 1, 1962.

Approved March 23, 1962.

CHAPTER 46
(Senate Bill 90)

AN ACT to repeal and re-enact, with amendments, Section 319 (a)
AND SECTION 321 of Article 93 of the Annotated Code of Mary-
land (1957 Edition), title "Testamentary Law", sub-title "Sales",
to raise the amount of value of real estate in which the several

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.