350                             LAWS OF MARYLAND                      [CH. 126

98.

The individual responsibility imposed by the provisions of Section
97 of this article upon the stockholders of every bank and trust com-
pany for all contracts, debts and engagements of every such corpora-
tion to the extent of the amount of their stock therein, at the par
thereof, in addition to the amount invested in said stock, shall not
apply with respect to stock originally issued by any bank or trust
company subsequent to November 23, 1936. Such responsibility shall
cease on July 1st, 1937, with respect to all outstanding stock issued by
any bank or trust company which shall be doing business under the
provisions of this article on July 1st, 1937; provided that not less
than three months prior to such date such bank or trust company
shall have caused notice of such prospective termination of responsi-
bility to be published in a newspaper published in the city, village or
county in which the bank or trust company is located, or if no news-
paper is there published then in the nearest county seat and provided
further that such bank or trust company shall certify to the Bank
Commissioner the fact of such publication under the seal of the bank
or trust company by its president and cashier or treasurer. If any
bank or trust company shall fail to give such notice, within the time or
in the manner above provided, or shall fail to give the certificate of
such publication to the Bank Commissioner as above provided, the
termination of such responsibility may thereafter be accomplished as
of the date three months subsequent to the publication and certifica-
tion in the manner above specified; provided such bank or trust com-
pany is doing business under the provisions of this article upon such
date. Until a notice shall have been published and a certificate thereof
has been furnished in accordance herewith such responsibility shall
continue hereafter as heretofore.

In the event of the termination of the individual responsibility of
the holders of the outstanding stock of any bank or trust company
as above provided, such bank or trust company shall transfer to
surplus at the close of a fiscal period, either annually or semi-annually,
not less than ten per cent (10%) of its net earnings after providing
for expenses, losses, interest and taxes accruing or due from said
bank or trust company, until such surplus shall equal and thereafter
continue to equal one hundred per cent (100%) of its capital.

105.

No person, copartnership or corporation not subject to the super-
vision and examinations of the Bank Commissioner, and not required
to make reports to him by the provisions of this article, shall make
use of any sign at the place where such business is transacted, having
thereon any artificial or corporate name or other words indicating
that such place or office is the place or office of a banking institution
as defined in this article; nor shall such person or persons
make use of or circulate any letterheads, billheads, blank notes, blank
receipts, certificates, circulars, or any written or printed, or partly
written or printed paper whatever, having thereon any artificial or
corporate name, or other word or words indicating that such business
is the business of a banking institution. Any person or persons vio-
lating any of the provisions of this section, either individually or as
an interested party in any copartnership or corporation, shall be
guilty of a misdemeanor, and on conviction thereof shall be fined in