774

LAWS OF MARYLAND

Ch. 255

EXCEPTION.

(1)        If the Division determines that there
are reasonable grounds to believe that a violation has
occurred, it [shall][[MAY]]shall, EXCEPT AS PROVIDED IN
PARAGRAPH (2), attempt to conciliate the matter by
methods of conference and persuasion with all interested
parties and any representatives which they may choose to
assist them.

(2)    IF THE DIVISION DETERMINES THAT

VIOLATIONS ARE OCCURRING WHICH ARE CAUSING IMMEDIATE,

SUBSTANTIAL AND IRREPARABLE INJURY, THE ATTORNEY GENERAL
MAY SEEK AN EX PARTE OR INTERLOCUTORY INJUNCTION PURSUANT
TO SECTION 13-406, WITHOUT FIRST ATTEMPTING CONCILIATION.

[[(2)]] (3) The terms of any conciliation
agreed to by the parties may be made part of a written
assurance of discontinuance or settlement agreement to be
signed by the Division and each party. The assurance or
agreement is for conciliation purposes only and does not
constitute an admission by any party that the law has
been violated.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1976.

Approved May 4, 1976.

CHAPTER 256

(Senate Bill 122)

AN ACT concerning

Savings and Loan Associations - Merger

FOR the purpose of permitting the Director of the
Division of Building, Savings and Loan Associations
to approve a plan of merger of certain savings and
loan associations without publishing the required
notice of the filing of the plan under certain
conditions.

BY repealing and reenacting, with amendments,

Article — Corporations and Associations

Section 6-227(a)(2)

Annotated Code of Maryland

(1975 Volume and 1975 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section 6-227 (a)(2) of Article
Corporations and Associations, of the Annotated Code of
Maryland (1975 Volume and 1975 Supplement) be and it is
hereby repealed and reenacted, with amendments, to read
as follows: