MARVIN MANDEL, Governor                             2095

CHAPTER 620
(Senate Bill 510)
AN ACT concerning

Building, Savings and Loan Associations —
[[Required]] Priority of Investments

FOR the purpose of requiring [[a certain percentage of
the investments of]] building, savings and loan
associations [[be for]] to give priority to certain
home mortgages.

BY adding to

Article 23 — Corporations

Section 161Z(a-1)

Annotated Code of Maryland

(1973 Replacement Volume and 1973 Supplement)

SECTION 1, BE IT ENACTED BY THE GENERAL ASSEMBLE OF
MARYLAND, That new Section 161Z(a—1) be and it is hereby
added to Article 23 — Corporations, of the Annotated Code
of Maryland (1973 Replacement Volume and 1973 Supplement)
to read as follows:

Article 23 — Corporations
161Z.

(A-1) ASSOCIATIONS SHALL [[MAKE ONE HALF OF THEIR
TOTAL]] GIVE PRIORITY IN THEIR INVESTMENTS [[IN]] TO
FIRST MORTGAGES FOR OWNER-OCCUPIED RESIDENCES.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1974.

Approved May 31, 1974.

CHAPTER 621
(Senate Bill 533)
AN ACT concerning