BLAIR LEE III, Acting Governor

437

CONDITION TO THE GOVERNOR, THE GENERAL ASSEMBLY, AND THE
BANK COMMISSIONER, AT THE END OF EACH FISCAL YEAR.

REVISOR'S NOTE: This section presently appears as Art.
43A, §11.

The only changes are in style.

18-1014. DISSOLUTION OF CORPORATION.

(A)       PERIOD OF EXISTENCE.

THE CORPORATION AND ITS CORPORATE EXISTENCE SHALL
CONTINUE UNTIL TERMINATED BY LAW ON A FINDING THAT THE NEED
FOR IT NO LONGER EXISTS.

(B)       OBLIGATIONS NOT TO BE AFFECTED.

THE CORPORATION MAY NOT BE DISSOLVED IF IT HAS NOTES OR
OTHER OBLIGATIONS OUTSTANDING. IF THE CORPORATION DISSOLVES
OR CEASES ITS ACTIVITIES, ALL ITS PROPERTY AND MONEY
SHALL BE VESTED IN THE STATE SCHOLARSHIP BOARD TO BE USED
FOR ANY SCHOLARSHIP PROGRAM IT ADMINISTERS.

REVISOR'S NOTE: This section presently appears as Art.
43A, §12.

The only changes are in style.

GENERAL REVISOR'S NOTE:

Article 43A, §8, which removes the disability of
infancy for borrowers from the corporation, is deleted as
unnecessary in light of the similar provisions of §18—107 of
this title.

TITLE 19. RESERVED.

TITLE 20. RESERVED.

DIVISION IV - OTHER EDUCATION PROVISIONS.
TITLE 21. VOCATIONAL PROGRAMS.

SUBTITLE 1. ADVISORY COUNCIL ON VOCATIONAL-TECHNICAL

EDUCATION.

21-101. COUNCIL ESTABLISHED.

THERE IS A STATE ADVISORY COUNCIL ON

VOCATIONAL-TECHNICAL EDUCATION.

REVISOR'S NOTE: This section presently appears as Art.
41, §409A{a) .