MARVIN MANDEL, Governor                                    231

WHICH HE IS OR MAY BE RESPONSIBLE, WITH A BANK, SAVINGS
BANK, SAFE DEPOSIT OR TRUST COMPANY AUTHORIZED BY LAW TO
DO BUSINESS AND SITUATE IN THE COUNTY IN WHICH HIS BOND
IS FILED.

(B) WITHDRAWAL OF DEPOSIT.

THE DEPOSIT SHALL BE MADE IN A MANNER AS TO PREVENT
THE WITHDRAWAL OR ALIENATION OF MONEY, ASSETS, OR OTHER
PROPERTY, OR ANY PART OF IT, WITHOUT THE WRITTEN CONSENT
OF THE SURETY, OR AN ORDER OF A COURT, MADE ON NOTICE TO
THE SURETY AS THE COURT DIRECTS.

REVISOR'S NOTE: This section presently appears as
Art. 16, §199B. It is divided into two
subsections for purposes of clarity. The only
other changes are in style.

15-106. LAWFUL INVESTMENTS.

(A) LIST OF LAWFUL INVESTMENTS.

THE FOLLOWING INVESTMENTS SHALL BE LAWFUL
INVESTMENTS FOR ANY PERSON:

(1)   DEBENTURES ISSUED BY FEDERAL INTERMEDIATE
CREDIT BANKS OR BY BANKS FOR COOPERATIVES;

(2)   BONDS ISSUED BY FEDERAL LAND BANKS OR BY
THE FEDERAL HOME LOAN BANK BOARD, OR THE HOME OWNERS LOAN
CORPORATION;

[[ (3) MORTGAGES, BONDS, OR   NOTES SECURED BY

MORTGAGES, OR BONDS OR NOTES SECURED BY A MORTGAGE OR

DEED OF TRUST INSURED BY THE        FEDERAL HOUSING

ADMINISTRATION, OR DEBENTURES ISSUED BY THE FEDERAL
HOUSING ADMINISTRATION;]]

(3)    MORTGAGES, BONDS, OR NOTES SECURED BY A
MORTGAGE OR DEED OF TRUST, OR DEBENTURES ISSUED BY THE
FEDERAL HOUSING ADMINISTRATION;

(4) OBLIGATIONS OF NATIONAL MORTGAGE
ASSOCIATIONS;

(5)   SHARES, FREE-SHARE ACCOUNTS, CERTIFICATES
OF DEPOSIT, OR INVESTMENT CERTIFICATES OF ANY INSURED
FINANCIAL INSTITUTION, AS DEFINED IN §13-301(G) OF THIS
ARTICLE;

(6)    BONDS OR OTHER OBLIGATIONS ISSUED BY A
HOUSING AUTHORITY PURSUANT TO THE PROVISIONS OF ARTICLE
44A OF THE CODE, OR ISSUED BY ANY PUBLIC HOUSING
AUTHORITY OR AGENCY IN THE UNITED STATES, WHEN SUCH BONDS