HARRY HUGHES, Governor

3127

Former Art. 23, § 161LL, which requires approval of the
Attorney General of Maryland for any issuance of a security
by a savings and loan association before June 1, 1961, is
deleted as obsolete.

Art. 23, § 160A, that provided for an association's
liability for a lost check was deleted as unnecessary since
the subject is within the Commercial Law Article.

Former Art. 23, § 161B(d), which provides for the
application of the Corporations and Associations Article to
savings and loan associations, is deleted as obsolete as to
the pertinent sections that now appear in this title and as
unnecessary as to the general corporation law. See also
Title 1 of this article.

Former CA § 6-231, which provides for the applicability
of Article 23 and the Corporations and Associations Article
to savings and loan associations, is deleted as obsolete.

Former Art. 23, § 161KK, which provided that all laws
relating to savings and loan associations in existence
before the effective date of the act (July 1, 1961) remain
in effect unless contradictory, was deleted as unnecessary.

Former Art. 23, § 156A, which related to a Workmen's
Compensation Certificate, now appears as Title 1 of this
article.

SECTION 3. AND BE IT FURTHER ENACTED, That the
Introductory Comment, Committee Comments and catchlines
contained in this Act are not law and may not be considered
to have been enacted as a part of this Act.

SECTION 4. AND BE IT FURTHER ENACTED, That nothing in
this Act affects the term of office of an appointed or
elected member of any department, board, commission,
committee, agency or other unit. A person who is a member
of such a unit on the effective date of this Act shall
remain a member for the balance of the term to which
appointed or elected, unless the member sooner dies,
resigns, or is removed pursuant to the provisions of law.

SECTION 5. AND BE IT FURTHER ENACTED, That except as
expressly provided to the contrary in this Act, any savings
and loan association charter, bylaws, shares or transaction
affected by or flowing from any change of nomenclature or
any statute there amended, repealed, or transferred, and
validly adopted or entered into before the effective date
and every right, duty, or interest flowing from the statute
remains valid after the effective date and may be
terminated, completed, consummated, or enforced as required
or permitted by any statute amended, repealed, or
transferred by this Act as though the repeal, amendment, or
transfer had not occurred. If the change in nomenclature
involves a change in name or designation of any State
agency, the successor agency shall be considered in all