964

LAWS OF MARYLAND

Ch. 51

CHAPTER 51

(Senate Bill 116)

AN ACT concerning

Banks and Trust Companies

FOR the purpose of changing the time period in which Banks
and Trust Companies must transmit annual reports and
proof of publication of such reports to the Bank
Commissioner.

BY repealing and reenacting, with amendments,

Article 11 — Banks and Trust Companies

Section 73

Annotated Code of Maryland

(1976 Replacement Volume and 1977 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section (s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article 11 — Banks and Trust Companies

73.

Every bank and trust company shall make to the
Commissioner not less than two reports during each calendar
year, at such times as the said Commissioner shall require
the same, according to the forms which he shall prescribe
and furnish. Such forms shall conform as nearly as
practicable to the forms required of banking institutions
under the jurisdiction of the federal authorities, including
the schedules. Such reports shall be signed and verified by
the oath or affirmation of either the president,
vice—president, cashier or treasurer of such bank or trust
company before a notary public. Such report shall exhibit
in detail and under proper heads the resources and
liabilities of the bank or trust company at the close of the
business of any past day by the Commissioner specified, and
shall be transmitted to said Commissioner within [ten] 30
days after the receipt of the request from him. Such
reports shall be published in a newspaper of the city or
village or county where such bank or trust company is
located, in condensed form as may be prescribed by the
Commissioner. Proof of said publication shall be furnished
to the said Commissioner within fifteen days after [the
receipt of the aforesaid call] THE 30 DAY PERIOD. At least
once in each year every bank and trust company shall report
to the Commissioner on call by him a list of its
stockholders, their residences and the amount of stock held