Ch. 29

LAWS OF MARYLAND

authority to grant immunity in such cases is scheduled to
terminate on June 1, 1987; now, therefore,

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) 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,
§ 132 or §§ 340 through 343 of the Code, if such offenses involve
officers, directors, or employees of a savings and loan
association;

(b) A person compelled to testify or produce documents on
behalf of the State under subsection (a) of this section shall be
exempt from prosecution, trial, and punishment for any and all
crimes and offenses about which the person was compelled to
testify.

(c) (i) if a person lawfully refuses to answer or to
provide other information on the basis of the privilege against
self-incrimination, the court shall compel the witness to answer
or otherwise provide information if:

(i) The prosecuting attorney requests in
writing or on the record that the court order the person to
answer or otherwise provide information, notwithstanding the
person's claim of privilege; and

(ii) The court informs the person of the scope
of immunity the witness will receive.

(2) The court shall enter its order compelling
testimony in writing or on the record.

(d) This section applies to investigations or prosecutions
in progress on June 1, 1985, or to any other investigation or
prosecution as may be authorized by the Governor under Article V,
§ 3 of the Maryland Constitution.

Chapter 10 of the Acts of the
First Special Session of 1985

SECTION 2. AND BE IT FURTHER ENACTED, That the provisions of
this Act apply to investigations or prosecutions of any savings
and loan association insured by or subject to the Maryland
Savings-Share Insurance Corporation at any time on or before the

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