1712                                          LAWS OF MARYLAND                        [Ch. 457

FOR the purpose of replacing the Commissioner of Small
Loans with the Commissioner of Consumer Credit;
providing for licensing and regulation of Industrial
Finance Companies; amending the definition of
"Commissioner" under the Industrial Finance
Companies Law; requiring the Commissioner of
Consumer Credit to report on the condition of
businesses under his administration and making
appropriate changes in the law relating to the
replacement.

BY repealing and re—enacting, with amendments.

Article 11 - Banks and Trust Companies

Section 164

Annotated Code of Maryland

(1968 Replacement Volume and 1973 Supplement)

BY repealing and re—enacting, with amendments.

Article 41 — Governor—Executive and

Administrative Departments
Section 192, 192A(a) and 192B
Annotated Code of Maryland
(1971 Replacement Volume and 1973 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section 164 of Article 11 - Banks and
Trust Companies, of the Annotated Code of Maryland (1968
Replacement Volume and 1973 Supplement) be and it is
hereby repealed and re-enacted, with amendments, to read
as follows:

Article 11 — Banks and Trust Companies
164.

The following words and terms, when used in this
subtitle shall have the following meanings unless the
context clearly requires a different meaning. The
meaning ascribed to the singular form is applied also to
the plural.

"Person" shall include individuals, copartnerships,
associations, trusts, corporations, and any other legal
entities.

"License" shall mean a license issued under the
authority of this subtitle to make loans or advances in
accord with the provisions of this subtitle at a single
place of business.