MARVIN MANDEL, Governor

2041

OF THE CORPORATIONS AND ASSOCIATIONS ARTICLE.

(3) If any association desires to file articles of
amendment as provided by subsection (b) (1) (2) thereof]
OF THIS SECTION, it shall first give notice to its
depositors of [such] THAT fact by registered mail and
shall submit therewith a plan of reorganization which
[shall specify] SPECIFIES the contract rights which
[such] ITS depositors shall possess in the resulting
ordinary business corporation. Within 30 days from the
mailing of [such] THE notice, any depositor [shall have
the right to] MAY exercise his privilege to withdraw his
deposit from [such] THE association or to continue as a
shareholder in the resulting ordinary business
corporation. If [such] THE depositor elects to withdraw
his deposit[,] as provided for [herein] IN THIS SECTION,
the association shall repay [such] THE deposit in
accordance with the terms and conditions of its charter
and bylaws.

161G.

(c) Powers.—The Director shall have general
supervision over all associations [which are subject to
the provisions of this article by use of] UNDER the
powers conferred [upon] ON him by law. The Director may
pass such orders as he [deems] CONSIDERS necessary to
compel any association: (1) To comply with its charter,
constitution, and bylaws; (2) to comply with the laws of
this State to carry out the purposes of this subtitle AND
THE CORPORATIONS AND ASSOCIATIONS ARTICLE [[AND;]]; AND
(3) to comply with such regulations as may be adopted
pursuant to the provisions of this subtitle AND THE
CORPORATIONS AND ASSOCIATIONS ARTICLE. [But, no such]
HOWEVER, AN order [shall] MAY NOT become effective until
the Director [shall have] HAS first given the directors
of [such] THE association[, ] or their representatives[, ]
an opportunity to be heard at a time and place designated
by the Director.

161P.

(f)     List of guaranty stockholders. —[Any]
ANNUALLY, EACH association [which has issued any
outstanding] WITH guaranty stock shall [annually] furnish
the Director a list showing the name, address, and number
of shares owned by each owner of guaranty stock, which
list shall be kept confidential by the Director.

(g)   Assessment on guaranty stock. —(1) [Any] EACH
association [which qualifies for the exception to
subsection (2) (a) hereof provided in subsection (b)
hereof] WITH GUARANTY STOCK shall prepare a list showing
the amount of guaranty stock sold or issued as of January