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LAWS OF MARYLAND
Ch. 7
Approved May 18, 1985.
CHAPTER 8
(House Bill 5001)
AN ACT concerning
Savings and Loan Associations - Governor's Emergency Powers
FOR the purpose of authorizing the Governor in emergency
situation, by executive order, to take certain action
regarding savings and loan associations under certain
circumstances; establishing procedures for legislative
review; providing for the termination of this authority;
ratifying and confirming certain action; requiring certain
fees to be waived and prohibiting certain information from
being recorded on a person's credit record; providing for
the construction of this Act; providing for certain
penalties permitting the Governor in certain emergency
situations to exercise certain powers; correcting omissions;
making this Act an emergency measure; and generally relating
to the Governor's emergency powers and savings and loan
associations.
BY repealing and reenacting, with amendments,
Article - State Government
Section 3-304
Annotated Code of Maryland
(1984 Volume)
BY adding to
Article 41 - Governor - Executive and Administrative
Departments
Section 15B-3(b)(6)
Annotated Code of Maryland
(1982 Replacement Volume and 1984 Supplement)
(As enacted by Chapter 1 of the Acts of
the First Special Session of 1985)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - State Government
3-304.
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