332                              LAWS OF MARYLAND                      [CH. 126

Article (1957 Edition), subtitle "General Regulations", to follow
immediately after Section 108 thereof, making certain substantive
and procedural changes relating to the duties of the Bank Commis-
sioner, and general banking practices in the State, and providing
penalties for violation of the provisions of this Article, and gen-
erally revising the banking laws.

Section 1. Be it enacted by the General Assembly of Maryland,
That Sections 1, 9, 11, 15, 22, 23 and 25 of Article 11 of the Annotated
Code of Maryland (1957 Edition), title "Banks and Trust Com-
panies", subtitle "Bank Commissioner", be and they are hereby re-
pealed and re-enacted, with amendments; that Sections 28, 30 and 34
of the said Article (1957 Edition and 1963 Supplement), subtitle
"Banks", be and they are hereby repealed and re-enacted, with
amendments; that Sections 39, 41 and 51 of the said Article (1957
Edition and 1963 Supplement), subtitle "Savings Institutions", be
and they are hereby repealed and re-enacted, with amendments; that
Sections 53, 54 and 60 of the said Article (1957 Edition and 1963 Sup-
plement) , subtitle "Trust Companies", be and they are hereby repealed
and re-enacted, with amendments; that Sections 68, 73, 76, 77, 84, 95
and 112(c) of the said Article (1957 Edition), subtitles "General Reg-
ulations" and "Mergers", be and they are hereby repealed and re-en-
acted, with amendments; that Sections 18 and 19 of the said Article
(1957 Edition), subtitle "Bank Commissioner", be and they are here-
by repealed, and that new Section 18 is hereby added to stand in the
place of the sections so repealed; that Sections 48 and 105 of the said
Article (1957 Edition), respectively, subtitles "Savings Institutions",
and "General Regulations", be and they are hereby repealed, and that
new Section 108F be and it is hereby added to stand in the place of
the sections so repealed; that Section 21 of the said Article (1957
Edition), subtitle "Bank Commissioner", be and it is hereby repealed;
that Sections 46 and 47 of the said Article (1957 Edition), subtitle
"Savings Institutions", be and they are hereby repealed; that Sec-
tions 89, 97 and 98 of the said Article (1957 Edition), subtitle "Gen-
eral Regulations", be and they are hereby repealed; and that new-
Section 62A be and it is hereby added to the said Article (1957 Edi-
tion) , to follow immediately after Section 62 thereof, and to be under
the new subtitle "Bank Service Corporations"; to add new Sections
108A, 108B, 108C, 108D and 108E to the said Article (1957 Edition),
subtitle "General Regulations", to follow immediately after Section
108 thereof, and all to read as follows:

Article 11.
1.

There shall be a Bank Commissioner for the State who shall be
assigned to the division of financial review and control. He shall be
appointed by the Governor, and shall not be an officer or director in
any bank, State or national, savings institution or trust company. He
shall not engage in any other business relating to banks and financial
matters INSTITUTION and shall hold office for a term of four years
from the first Monday of May succeeding his appointment, and until
his successor is appointed and has qualified; provided, however, that
the term of the Bank Commissioner now in office shall expire on June
1, 1949, and on said date the Governor shall appoint a Bank Commis-
sioner for a term ending on the first Monday of May, 1951, and there-