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Session Laws, 1985
Volume 760, Page 4217   View pdf image
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HARRY HUGHES, Governor                                          4217.

which an interest of 10% or more is owned by any such
stockholder, controlling person, spouse, or immediate
family member.

(h) Notwithstanding any provisions of the Uniform Commercial
Code, the midnight deadline, or the time within which
negotiable orders of withdrawal drawn upon a savings and
loan association may be dishonored, is extended to the
close of the third business day following presentment.

(i) The State, its political subdivisions, and all agencies
and instrumentalities of any of them are hereby
authorized and requested to implement appropriate
procedures for the waiver of penalties or late charges,
deferral of obligations, or other appropriate relief for
persons unable to satisfy their legal obligations to
them by virtue of the operation of this Order.

(j) Any person who knowingly violates any provision of this
Executive- Order, or who, in any matter relating to this
Executive Order, knowingly submits false information to
any person or governmental entity is guilty of a
misdemeanor and on conviction is subject to a fine or
not more than $5,000, or imprisonment for not more than
5 years, or both.

Attachment A
Savings and Loan Associations - Normalization of Operations

Executive Order

The following savings and loan associations are hereby exempted
from the provisions of this Executive Order in accordance with §
(e):

1.  Atlas Savings and Loan Association, 916 Munsey Building,
Baltimore; Assets $328,000

2.  Canton-Pulaski Polish Building and Loan Association, 3201-03
Elliot Street, Baltimore; Assets $311,000

3.  Caroline Savings and Loan Association, 7229 Harford Road,
Baltimore; Assets $914,000

4.  Citizens Alliance Building Association, 1704 Eastern Avenue,
Baltimore; Assets $967,000

5.  Colombo Savings and Loan Association, 224 Albermarle Street,
Baltimore; Assets $963,000

6.  Locust Point Building and Loan Association, 1521 East Fort
Avenue, Baltimore, Maryland; Assets $1,580,000

 

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Session Laws, 1985
Volume 760, Page 4217   View pdf image
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