WILLIAM DONALD SCHAEFER, Governor                   Ch. 433

permanently, or for an indefinite period, or for a period
expected to exceed [seven] 7 days, at or about the same time and
for the same reason, [twenty-five] 25 or more workers employed in
a single establishment, the employer shall file with the
[Executive Director] SECRETARY, in lieu of individual separation
notices, a notice setting forth the reason for such layoff,
together with a list of the names and social security numbers of
the workers affected. In cases of unemployment because of a
labor dispute, the employer shall file with the [Executive
Director] SECRETARY, in lieu of individual separation notices, a
notice setting forth the existence of such dispute, without any
statement as to the nature of such dispute and shall submit with
such notice a list of the names and social security numbers of
the workers affected.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1987.

Approved May 14, 1987.

CHAPTER 433

(House Bill 123)

AN ACT concerning

Savings and Loan Associations - Reserves and Investments

FOR the purpose of providing that certain savings and loan
associations must increase their regulatory net worth as
established by the Director of the Division of Savings and
Loan Associations; altering a certain restriction on
investment in real estate by certain associations; and
correcting references.

BY repealing and reenacting, with amendments,

Article - Financial Institutions

Section 9-324(b)(2), (d), and 9-419(f){2)

Annotated Code of Maryland

(1980 Volume and 1986 Supplement)

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

Article - Financial Institutions

9-324.

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