MARVIN MANDEL, Governor

2033

paid to the receiver for liquidation for the benefit of
the nonassenting parties.

[In case] IF, within (said ] THE period of [thirty]
30 days less than 33 1/3[[ [X] ]] [ (%) ] PERCENT in
interest of the depositors and other unsecured creditors
[shall] file (such] THE application, the court may pass
an order approving the same and fixing the terms and
conditions upon which the receivership may be terminated.

[The ] HOWEVER, THE persons proposing [said] THE
plan [may, however], at any time within ten days after
the final decision in [any such] THE proceeding, MAY
abandon [said] THE plan for reorganization.

The provisions of §§ [28, 53 and 68 of this
article,] 6-118(B), 6-139(B), AND 6-156 OF THE
CORPORATIONS AND ASSOCIATIONS ARTICLE, [insofar as] TO
THE EXTENT THAT they [may] require [that] THE capital
stock and surplus of a bank or trust company [shall] TO
be paid for in full in money, (shall] ARE not [be]
applicable to the reorganization and reopening of a
closed bank or the establishing of a new bank pursuant to
the provisions of this section.

REVISOR'S NOTE: This section is amended to cite
to the State Documents Law, enacted as Art.
41, §§256B et seq., which supersedes the
present publication provisions of this
section, and to correct cross—references.

The only other changes are in style.

23.

[Neither the] THE Commissioner, deputy bank
commissioner, [nor] OR any [of the employees in the
employ] EMPLOYEE of the Commissioner's office[, shall]
MAY NOT become indebted to any banking institution,
credit union, or (industrial finance licensee, or] other
institution subject to the jurisdiction of the
Commissioner[, or shall] AND MAY NOT engage or be
interested in the sale of securities or in the
negotiation of loans for others[,] to or with any banking
institution[,] OR credit union [or industrial finance
licensee], under penalty of forfeiture of his office or
employment.

REVISOR'S NOTE: This section is amended to delete
the obsolete reference, to an "industrial
finance licensee," since, under the provisions
of Ch. 4 57, Acts of 1974, these licensees—now
known as "consumer loan" licensees—are no
longer subject to the jurisdiction of the Bank