1348                           LAWS OF MARYLAND                      [CH. 649

rations," subtitle "Building or Homestead Associations," be and the
same are hereby repealed; and that Sections 144, 145, 146, 147, 148,
149, 150, 151, 154, 155, 156, 159, 160, 161 and 161Q, of said Article,
subheading and subtitle (1957 Edition and 1966 Supplement) be and
the same are hereby repealed and re-enacted with amendments, to
read as follows; and that the first clause of the first sentence of Sec-
tion 150 of said Article, title, subheading and subtitle be and it is
hereby redesignated Section 149 (b) to follow immediately after Sec-
tion 149(a), as follows:

144.    Certain Powers.

[(a) Certificate of incorporation to state full value of shares;
acceptance of subscriptions and payment of shares.—Any homestead
or building association formed under this article shall state in its
certificate of incorporation the par value of its shares, and any such
association heretofore or hereafter formed shall have power to accept
subscriptions to and payments on account of any number of shares
without limit and without other corporate action, notwithstanding
any limitation on the number of shares authorized by the existing
charter of such association.]

[(b)] Limiting number of shares for each stockholder; prescrib-
ing entrance fee and instalments to be paid.—Any [homestead or
building] association shall have power in its [certificate of incor-
poration] charter or in its bylaws, to limit the number of shares
which each stockholder may be allowed to hold, to prescribe the
entrance fee to be paid at the time of subscribing, and the instalments
to be paid on each share, not exceeding one dollar per share per
week, and the times at which the same shall be paid.

145.    Payment of money placed in trust or in joint names.

(a)  In trust, when trustee dies.—Whenever any money shall be
placed in [a homestead or building] an association by any person
in trust for any other, and no other or further notice of the existence
and terms of a legal and valid trust shall have been given to the
[building or homestead] association, in the event of the death of the
trustee, the same or any part thereof and any dividend due thereon
may be paid to the person for whom the said money was placed.

(b)  In names of two persons, payable to either or survivor.—When
money has been placed or shall hereafter be placed in any [building
or homestead] association, in the names of two persons, payable to
either, or payable to either or the survivor, such sum of money or
any part thereof, or dividend thereon, may be paid to either of said
persons, whether the other be living or not; and the receipt or acquit-
tance of the person so paid shall be valid and sufficient release and
discharge to the [homestead or building] association for any pay-
ment so made.

146.    Enforcing payment of instalments and dues by fines and
forfeitures.

Any such [corporation] association shall have power to enforce
the payment of all instalments and other dues due to the corporation
from the members or stockholders, by such fines and forfeitures as
the corporation may, from time to time, provide in the by-laws or
[articles of association] charter of such [corporation] association.