2808

LAWS OF MARYLAND

Ch. 752

(b)  Any person who willfully fails to render any
report or perform any other duty required by SUBTITLE 3 OF
this title is subject to a fine of $5 for each day the
report is withheld, but not more than $500.

(c)  Any person who willfully refuses to pay or deliver
abandoned property to the administrator as required by
SUBTITLE 3 OF this title is subject to a fine of not less
than $500 nor more than $1,000 or imprisonment for not more
than six months or both.

[17-128] 17-324.

This title may be cited as the Maryland Uniform
Disposition of [Unclaimed] ABANDONED Property Act.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1981.

Approved May 19, 1981.

CHAPTER 753

(House Bill 499)

AN ACT concerning

Banking Board - Bank Regulations Board

FOR the purpose of altering the composition of the Banking
Board to include an economist, a certified public
accountant, and a certain number of public members,
none of whom may be employed by any banking
institution; providing that the State Comptroller is a
nonvoting ex-officio member of the Banking Board;
abolishing the Bank Regulations Board; providing that
with after receiving the advice of the Banking Board,
the Bank Commissioner may approve certain applications
and activities by banking institutions; providing that
if the Bank Commissioner does not follow the advice of
the Banking Board, the Bank Commissioner shall send to
the Banking Board a written statement of the reasons
for the action; providing for the terms of the members
of the Banking Board; and generally relating to the
Banking Board and the Bank Regulations Board.

BY repealing and reenacting, with amendments,

Article - Financial Institutions

Section 2-202, 2-203, 2-402, 3-203(d)(l), 3-705,
4-203(d)(l), 4-701, 5-403, 5-502(b), and 5-504
Annotated Code of Maryland