706                              LAWS OF MARYLAND                      [CH. 501

lished line from Smiths Point to Point Lookout, to the mean low
water mark at Point Lookout, the place of beginning.

Sec. 2. And be it further enacted, That this Act shall not take
effect until a similar Act is passed by the Commonwealth of Virginia;
that the Commonwealth of Virginia is requested to concur in this
Act of the General Assembly of Maryland by the passage of a
similar Act; and that thereupon the Governor of the State of Mary-
land issue a proclamation declaring this Act valid and effective.

Sec. 3. And be it further enacted, That subject to the provisions
of Section 2, this Act shall take effect June 1, 1965.

Approved April 8, 1965.

CHAPTER 501
(Senate Bill 202)

AN ACT to repeal and re-enact, with amendments, Sections 206 (a)
and 206 (b) of Article 11 of the Annotated Code of Maryland
(1957 Edition), title "Banks and Trust Companies", sub-title
"Dormant Accounts", to include credit unions within the Dormant
Accounts Statute.

Section 1. Be it enacted by the General Assembly of Maryland,
That Sections 206 (a) and 206 (b) of Article 11 of the Annotated
Code of Maryland (1957 Edition), title "Banks and Trust Com-
panies", sub-title "Dormant Accounts", be and they are hereby
repealed and re-enacted, with amendments, to read as follows:

206. (a) Dormancy for ten years—Whenever any deposit, account
or share account or balance in any deposit account or share account
(legal, beneficial, equitable or otherwise) in any bank, credit union,
trust company, savings institution, national bank, savings and loan
association or federal savings and loan association has been dormant
(except for any crediting of interest therein which may have been
made) for at least ten (10) years, such bank, credit union, trust
company, savings institution, national bank, savings and loan associ-
ation shall be authorized in its discretion, thereafter to impose a
service or maintenance charge in the amount of fifty cents (50¢) per
annum where such deposit, account or share account or balance
therein does not exceed the sum of fifty dollars ($50.00) and a
service or maintenance charge of $1.00 per annum where such
deposit, account or share account or balance thereof exceeds the
sum of fifty dollars ($50.00) provided that where there is a written
contract between any of the institutions herein enumerated and its
depositors or customers, the terms and conditions of such contract
shall prevail, anything in this section to the contrary notwithstand-
ing. No deposit in a savings account in any banking institution shall
be deemed to be subject to any restriction upon withdrawals imposed
by law because of the fact that such institution may require the
depositor to give notice, not exceeding ninety (90) days, of his
intention to withdraw the whole, or any part of his deposit. A deposit,
account or share account or balance in any deposit, account or
share account in any bank, credit union, trust company, savings