66                                                       LAWS OF MARYLAND                                         Ch. 3

(1) The agreement;

(2) The name and address of each office of the
constituent banks and of the successor;

(3) The name and residence address of each individual
who will be a director when the proposed transaction becomes
effective;

(4) The name and residence address of each individual
who will be an officer when the proposed transaction becomes
effective;

(5) A certified copy of the approving resolution of
each board of directors, showing the required approval by the
board; and

(6) Evidence of proper action by the board of
directors of any constituent national banking association.

(D) (1) EXCEPT AS OTHERWISE PROVIDED BY LAW, ANY PERSON WHO
KNOWINGLY SUBMITS FALSE INFORMATION TO THE BANK COMMISSIONER
WHILE COMPLYING WITH SUBSECTION (C) OF THIS SECTION IS GUILTY OF
A MISDEMEANOR.

(2) A PERSON WHO VIOLATES THIS SECTION IS SUBJECT TO
A FINE OF NOT MORE THAN $1,000, OR IMPRISONMENT FOR NOT MORE THAN
5 YEARS, OR BOTH.

3-701.1.

THE PROVISIONS OF THIS SUBTITLE WHICH AUTHORIZE THE
CONSOLIDATION WITH A BANK, MERGER WITH A BANK -OR TRANSFER OF
ASSETS TO A BANK OF ONE OR MORE SAVINGS AND LOAN ASSOCIATIONS ARE
ONLY IN EFFECT THROUGH JUNE 1, 1986. ANY BUSINESS COMBINATIONS
THAT WERE APPROVED UNDER THOSE PROVISIONS BEFORE JUNE 1, 1986
REMAIN SUBJECT TO THE TERMS AND CONDITIONS THAT WERE IN EFFECT
BEFORE THAT DATE.

3-712.

(a)  Consummation of a consolidation or merger has the
effects provided in this section.

(b)  The separate existence of each constituent bank, except
the successor, ceases.

(c) (1) The successor shall be considered the same business
and corporate entity as each of the constituent banks and[,
except as limited by its charter or bylaws, has all of the
rights, powers, and duties of each constituent bank] HAS ALL OF
THE RIGHTS, POWERS, AND DUTIES OF EACH CONSTITUENT BANK, EXCEPT:

(I) AS LIMITED BY THE SUCCESSOR'S CHARTER OR
BYLAWS; AND