SPIRO T. AGNEW, Governor                      1351

Maryland Savings-Share Insurance Corporation; and to that end
may purchase securities of, may deposit money with or pay assess-
ments, premiums, and charges to the Insurance Corporation; may
comply with all conditions of membership or credit in the Insurance
Corporation; and may borrow money from the Insurance Corporation
and pledge security therefor; and in addition may purchase obli-
gations of said Insurance Corporation for investment.

151. Members as witnesses.

On the trial of any action or other proceeding at law or in equity,
in which the property or interest of any such [corporation] asso-
ciation may be in anywise concerned, any member of such [corpora-
tion] association shall be a competent witness, and shall not be object-
ed to on account of any interest he may have as such member, in the
result of any such action or proceeding.

[152. Merger by incorporation under this article of prior

associations.]

[Any association of persons which may have been organized or
established at any time prior to the adoption of this article, on
being made a body corporate, under the provisions of this article,
shall become merged in such corporate body thereby created; and
every act done or to be done by any such unincorporated association
of persons, relating to the ends and purposes of such association, and
all mortgages, bonds or other instruments, made to such association
of persons, or to any person or persons or to or for the use of such
association of persons, or any member thereof as such, shall remain
and continue in full force and virtue at law and in equity, in like
manner as if such incorporated association of persons had originally
been a body corporate.]

[153. Same—Transfer to incorporated associations.]

[Any trustee or trustees, person or persons, to whom any such
conveyances shall have been made to and for the use of such incor-
porated association, may be required to assign and transfer the same
to such corporation, and such conveyances shall be as good and
sufficient as if made to such corporation; and all the liabilities and
obligations of, by and between the members of such incorporated
association of persons shall remain of as binding force or effect as if
such association had been incorporated from the first.]

154. Stock; certain provisions.

[The provisions of Section 144 to 153 of this article shall be taken
and held to apply to corporations which have been or may be here-
after formed in this State, under the provisions of this article, or
under the provisions of any acts of Assembly, for the purpose of
loaning money on real or personal property or for buying, selling,
leasing or otherwise dealing in land, and such corporation] Any
association may, by [their] its bylaws, provide for the payment of all
or any part of [their] its stock in advance, and shall have the power
to enforce the payment of all dues, legal interest or premium due
to such [corporation] association from its members, stockholders
or borrowers by such fines or forfeitures as the directors may from
time to time provide in its bylaws; and it shall and may be lawful
for any association [of the corporations mentioned in this section]