BLAIR LEE III, Acting Governor                          965

by each, which report shall be signed and verified by the
oath and affirmation of one of the officers of said bank or
trust company. The Commissioner shall also have the power
to call for special reports from any bank or trust company
whenever, in his judgment, the same is necessary to inform
him fully of the condition of the bank or trust company.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1978.

Approved April 11, 1978.

CHAPTER 52

(Senate Bill 117)

AN ACT concerning

Mutual Savings Institutions

FOR the purpose of changing the time period that mutual
savings institutions must submit certain annual reports
and providing that the Bank Commissioner may require
special reports.

BY repealing and reenacting, with amendments,

Article 11 — Banks and Trust Companies

Section 44

Annotated Code of Maryland

(1976 Replacement Volume and 1977 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article 11 - Banks and Trust Companies

44.

Every mutual savings institution without capital stock
shall annually within [twenty] 30 days after the last day of
December make a report to the Bank Commissioner showing
accurately the condition thereof at the close of business on
the last business day of December. Such report shall
exhibit in detail and under proper headings the resources
and liabilities of the institution at the close of the
business day aforesaid and shall contain such information
and be in such form as the Bank Commissioner may prescribe.
In addition to this detailed report as of the last business
day of December, every mutual savings institution without
capital stock shall annually within [twenty] 30 days after
the last day of June make a report to the Bank Commissioner,