Ch. 36                                     1995 LAWS OF MARYLAND                                           

A SOCIETY SHALL MAINTAIN A SEPARATE ACCOUNTING FOR ANY INCOME AND
DISBURSEMENTS UNDER THIS SECTION AND REPORT THEM IN ITS ANNUAL
STATEMENT.

REVISOR'S NOTE: This section is new language derived without substantive
change from former CA § 6-415.

In subsection (b)(1) of this section, the former reference to "the necessary
buildings located on the property" is deleted as included in the reference to
"personal or real property".

In subsection (c)(1) of this section, the phrase "[s]ubject to paragraph (2) of
this subsection" is added to clarify that the authority to charge a fee is limited
by the prohibition against operating an institution for profit.

Also in subsection (c)(1) of this section, the former reference to providing
"free" maintenance, treatment, and attendance is deleted as implicit in the
discretionary authority to charge a fee.

Defined term: "Society" § 8-401

8-438. CONSOLIDATION AND MERGER — PROCEDURE.

(A)     AUTHORIZED.

A SOCIETY MAY CONSOLIDATE OR MERGE WITH ANOTHER SOCIETY AS
PROVIDED IN THIS SECTION.

(B)     DOCUMENTS AND EVIDENCE FILED WITH COMMISSIONER.
THE SOCIETY SHALL FILE WITH THE COMMISSIONER:

(1)     A CERTIFIED COPY OF THE WRITTEN CONTRACT THAT CONTAINS
THE TERMS AND CONDITIONS OF THE CONSOLIDATION OR MERGER;

(2)     A STATEMENT VERIFIED UNDER OATH BY THE PRESIDENT AND
SECRETARY OR EQUIVALENT OFFICERS OF EACH SOCIETY PARTY TO THE
CONTRACT THAT SHOWS THE FINANCIAL CONDITION OF THE SOCIETY ON A DATE
SET BY THE COMMISSIONER, BUT NOT BEFORE DECEMBER 31 PRECEDING THE DATE
OF THE CONTRACT;

(3)     A CERTIFICATE VERIFIED UNDER OATH BY THE OFFICERS
DESCRIBED IN ITEM (2) OF THIS SUBSECTION THAT STATES THAT THE
CONSOLIDATION OR MERGER WAS APPROVED BY A TWO-THIRDS VOTE OF THE
SUPREME LEGISLATIVE OR GOVERNING BODY OF EACH SOCIETY; AND

(4)      EVIDENCE THAT, AT LEAST 60 DAYS BEFORE THE APPROVAL OF THE
SUPREME LEGISLATIVE OR GOVERNING BODY OF EACH SOCIETY, THE TEXT OF THE
CONTRACT WAS MAILED TO EACH MEMBER OF EACH, SOCIETY OR WAS PUBLISHED
IN FULL IN THE OFFICIAL PUBLICATION OF THAT SOCIETY.

(C)     AFFIDAVIT.

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