1432                             Laws of Maryland                       Ch. 534

(b)    The Treasurer of the State of Maryland shall not accept any
deposit unless or until it shall be accompanied by evidence that there
are no unsatisfied judgments against the depositor registered in the
office of the Clerk of the Circuit Court of the County where the
depositor resides or has a usual place of business or in the Clerk's
office of any of the Baltimore City Courts having proper jurisdiction,
if the depositor resides in or has a usual place of business in
Baltimore City.

(c)    Whenever the Treasurer of the State of Maryland shall sat-
isfy a judgment out of the money or security held by him on deposit
for account of the judgment debtor, he shall certify that fact to the
department or the Public Service Commission as the case may be,
and the amount of the balance of money or securities remaining on
deposit.

(d)    The Treasurer of the State of Maryland shall periodically
check the market value of the securities which have been deposited
with him pursuant to the provisions of this subtitle and, as often as
he deems advisable and in no event less frequently than once in each
three months, shall certify the then market value of the securities,
as well as the amount of money then on deposit, to the department or
the Public Service Commission as the case may be.

(e)    If the amount of money or securities certified to be on deposit
is less than the amount required under the provisions of section
7-302 for the number of vehicles for which permit has been issued,
the department or the Public Service Commission as the case may be,
shall notify the person to whom the permits were issued to deposit
with the Treasurer of the State of Maryland an amount of money or
securities necessary to bring the amount on deposit up to the re-
quired minimum within 10 days from the date of the notice, and
advise him that his permit for certain itemized vehicles shall be
revoked unless he files with the department or the Public Service
Commission as the case may be, within the ten days allowed a certifi-
cate from the office of the Treasurer of the State of Maryland show-
ing that an amount of money or securities is then on deposit which is
equal to or in excess of the amount required as aforesaid. In such
notice the department or the Public Service Commission as the case
may be shall specify vehicles of a number necessary to reduce the
number of permits outstanding to the number of vehicles authorized
to be permitted by the amount of money or securities on deposit with
the Treasurer under the provisions of this subtitle.

(f)    If the aforesaid certificate is not filed as above provided, the
department or the Public Service Commission as the case may be,
shall forthwith revoke the permits for those vehicles specified in the
notice to the person to whom the permits were issued.

(g)    For taxicabs not operating under permit of the Public Serv-
ice Commission, proof of financial responsibility may be established
by any corporation, company, association, partnership or person
permitting his, their or its trade name and/or identifying design to
be displayed on the vehicles, by depositing with the Treasurer of the
State of Maryland money in an amount, or securities approved by
the Treasurer of a market value in a total amount as required under
section 7-302, and shall be subject to all other provisions of this sec-
tion that are applicable. With respect to taxicabs operating under
permits of the Public Service Commission of the District of Colum-