1662                               Laws of Maryland                        [Ch. 763

professional organization, if any, to which the majority of those
persons in this State rendering the same professional service as that
performed, or to be performed, by the corporation belong, which
professional organization, if any, shall consider the established ethical
standards, rules and regulations of its profession in making a deter-
mination with regard to the appropriateness of the proposed cor-
porate name. If both the said professional organization, if any, and
the said board, agency or other entity approve of the proposed cor-
porate name in accordance herewith, said board, agency or other
entity shall issue a certificate of authorization for corporate name
to such corporation, or to such incorporator or incorporators, as the
case may be, which certificate shall set forth its approval of said
corporate name and the name of the professional organization, if any,
with which it has consulted and which has granted prior approval
thereof.

(3) The boards, agencies, or other entities, as well as the profes-
sional organizations, if any, hereinabove referred to, are hereby
authorized to approve the adoption and use of corporate names pur-
suant to, and in accordance with, the provisions of this subsection
(b), and shall make, adopt, and amend such rules and regulations as
they deem necessary to carry out the provisions hereof.

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1971.

Approved May 28, 1971.

CHAPTER 763

(Senate Bill 462)

AN ACT to repeal and re-enact, with amendments, Section 20 (b)
of Article 81 of the Annotated Code of Maryland (1969 Replace-
ment Volume), title "Revenue and Taxes," subtitle "Method of
Assessment," providing, in computing the assessable value of
shares of stock of domestic public utilities, for the deduction from
the total value of their capital stock, the value of fuel exempted
under any provisions of law providing for such exemptions.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 20 (b) of Article 81 of the Annotated Code of Mary-
land (1969 Replacement Volume), title "Revenue and Taxes," sub-
title "Method of Assessment," be and it is hereby repealed and
re-enacted, with amendments, to read as follows:

20.

(b) From the amount so ascertained as the total value of the
capital stock of such corporation shall be deducted:

(1)  The assessed value of all real estate in this State owned by
such corporation.

(2)  The fair value of the property exempt under Section 9 (26) of
this Article.