HARRY HUGHES, Governor

1175

Section 6-402(b)
Annotated Code of Maryland

(As enacted by Chapter ____ (H.B. 1) of the Acts

of the General Assembly of 1980)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland

(as enacted by Chapter ____ (H.B. 1) of the Acts of the

General Assembly of 1980) be repealed, amended, or enacted
to read as follows:

Article - Financial Institutions

6-402.

(b) The dividend rate may not exceed [8] 12 percent a
year.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1980.

Approved May 6, 1980.

CHAPTER 316

(Senate Bill 429)

AN ACT concerning

Commercial Law - Waterproofing

FOR the purpose of providing that certain marketing
procedures used in the sale of certain waterproofing
techniques are unfair and deceptive trade practices;
providing penalties for the violations of the
provisions of this Act; defining certain terms; and
generally relating to unfair and deceptive trade
practices and waterproofing techniques.

BY adding to

Article - Commercial Law

Section 14-12A-01 through 14-12A-04 inclusive, to be

under the new subtitle "Subtitle 12A

Waterproofing"
Annotated Code of Maryland
(1975 Volume and 1979 Supplement)

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be repealed, amended, or enacted to read as follows: