HARRY HUGHES, Governor

4301

costs, and attorney's fees under certain circumstances;
providing standing to bring a certain action to specific
persons, limiting the time by which certain actions must be
commenced; providing certain penalties for violations of
this Act; generally relating to certain violations by
savings and loans associations and their officers, employees,
and directors; and making this Act an emergency measure.

BY adding to

Article 27 - Crimes and Punishments

Section 343A and 343B

Annotated Code of Maryland

(1982 Replacement Volume and 1984 Supplement)

FOR the purpose of providing that a person is not excused from
testifying or complying with a summons or subpoena under
certain circumstances; providing that a person compelled to
testify or produce documents under this Act shall be exempt
from prosecution, trial, and punishment for certain crimes
and offenses; providing for the administration of this Act;
providing for the applicability and termination of this Act;
and making this Act an emergency measure.

BY repealing and reenacting, with amendments,

Article - Financial Institutions

Section 9-307

Annotated Code of Maryland

(1980 Volume and 1984 Supplement)

BY adding to

Article - Financial Institutions
Section 9-910 and 9-911
Annotated Code of Maryland
(1980 Volume and 1984 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article 27 - Crimes and Punishments

343A.

(A) AN OFFICER, DIRECTOR, OR EMPLOYEE OF ANY SAVINGS AND

LOAN ASSOCIATION MAY NOT EMBEZZLE, ABSTRACT, PURLOIN, OR

WILLFULLY MISAPPLY ANY OF THE MONEYS, FUNDS, OR CREDITS OF THE

ASSOCIATION, OR ANY MONEYS, FUNDS, ASSETS, OR SECURITIES

ENTRUSTED TO THE CUSTODY OR CARE OF THE ASSOCIATION OR TO THE
CUSTODY OR CARE OF THE OFFICER, DIRECTOR, OR EMPLOYEE.