HARRY HUGHES, Governor                                          45

proceedings for the appointment of a conservator or a receiver.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act is
hereby declared to be an emergency measure and necessary for the
immediate preservation of the public health and safety and having
been passed by a yea and nay vote supported by three-fifths of
all the members elected to each of the two Houses of the General
Assembly, the same shall take effect from the date of its
passage. However, if any provision, or portion of a provision of
this Act cannot take effect immediately, the specific provision,
or portion of a provision, shall take effect June 1, 1985.

Approved May 21, 1985.

CHAPTER 10

(Senate Bill 5010)

AN ACT concerning

Savings and Loan Associations - Compelled Testimony

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 certain answers or
documents may not be used as evidence in a criminal
proceeding providing that a person compelled to testify
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 adding to

Article - Financial Institutions

Section 9-910

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 - Financial Institutions

9-910.

(A) A PERSON IF A PERSON LAWFULLY REFUSES TO ANSWER OR TO
PROVIDE OTHER INFORMATION ON THE BASIS OF THE PRIVILEGE AGAINST
SELF INCRIMINATION, THE PERSON MAY BE COMPELLED TO TESTIFY IN A
PROCEEDING TO INVESTIGATE OR PROSECUTE A VIOLATION OF ARTICLE 27,