HARRY HUGHES, Governor

61

(G) (1) THE BOARD SHALL REQUIRE AS PART OF ITS EXAMINATION
OR LICENSING PROCEDURES THAT AN APPLICANT FOR A LICENSE TO
PRACTICE PODIATRY DEMONSTRATE AN ORAL COMPETENCY IN THE ENGLISH
LANGUAGE.

(2) GRADUATION FROM A RECOGNIZED, ENGLISH SPEAKING,
PROFESSIONAL SCHOOL IS ACCEPTABLE AS PROOF OF PROFICIENCY IN THE
ORAL COMMUNICATION OF THE ENGLISH LANGUAGE UNDER THIS SECTION.

SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1985 1986.

Approved October 17, 1985.

CHAPTER 3

(House Bill 1)

AN ACT concerning

Savings and Loan Associations - Acquisitions and Mergers

FOR the purpose of authorizing certain savings and loan
associations to merge into, consolidate with, and transfer
assets to certain financial institutions in accordance with
certain procedures; authorizing commercial banks to be the
successor institution in mergers, consolidations, and asset
transfers with savings and loan associations under certain
circumstances; permitting successor commercial banks to
retain nonconforming assets for a period of time; providing
for the member vote required to approve any merger,
consolidation, or asset transfer by certain savings and loan
associations; prohibiting certain persons from making false
representations to the State Banking Commissioner and
providing certain penalties for such false representations;
authorizing the interstate acquisition of savings and loan
associations by an out-of-state bank holding company in
order to acquire a commercial bank under certain
circumstances; providing for certain powers and restrictions
on commercial banks acquired under the provisions of this
Act; providing for certain regulatory and approval authority
to be exercised by the Bank Commissioner and , the
Secretary of Licensing and Regulation, and the Governor
under certain circumstances to consummate acquisitions under
this Act; providing that the State of Maryland is
indemnified and held harmless for certain liabilities under
certain conditions; codifying the corporate powers of The
State of Maryland Deposit Insurance Fund Corporation;
providing for consultation by the Fund Director with the
Board, and further specifying the purposes for which the
Maryland Deposit Insurance Fund shall be administered,