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Session Laws, 1985
Volume 760, Page 4222   View pdf image
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4222                                                  PROCLAMATIONS

NOW, THEREFORE, I, HARRY HUGHES, GOVERNOR OF THE STATE OF
MARYLAND, BY VIRTUE OF THE AUTHORITY VESTED IN ME BY THE
CONSTITUTION AND LAWS OF MARYLAND, INCLUDING BUT NOT LIMITED
TO ARTICLE 41, §§ 15B and 15B-2, HEREBY PROCLAIM THAT A
STATE OF PUBLIC CRISIS AND EMERGENCY EXISTS WITHIN THE STATE
OF MARYLAND; AND, IN ORDER TO PROTECT THE PUBLIC SAFETY,
HEALTH, AND WELFARE AND TO BRING THE PUBLIC CRISIS AND
EMERGENCY UNDER CONTROL, HEREBY ORDER THAT, UNTIL THIS
PROCLAMATION IS MODIFIED OR TERMINATED, THE WITHDRAWAL OF
ANY AND ALL SAVINGS ACCOUNTS AND OTHER DEPOSITS IN ANY AND'
ALL SAVINGS AND LOAN ASSOCIATIONS THAT ARE INSURED BY THE
MARYLAND SAVINGS-SHARE INSURANCE CORPORATION AND ARE NOT
PRESENTLY OR HEREAFTER IN A COURT-ORDERED CONSERVATORSHIP BE
LIMITED AS FOLLOWS: A SAVINGS ACCOUNT HOLDER OR OTHER
DEPOSITOR MAY WITHDRAW FROM EACH SAVINGS OR OTHER ACCOUNT IN
AMOUNTS NOT TO EXCEED IN THE AGGREGATE $1,000 PER ACCOUNT
PER EACH 30 CONSECUTIVE DAY PERIOD COMMENCING FROM THE DATE
OF THIS PROCLAMATION; PROVIDED THAT ANY NEW SAVINGS ACCOUNTS
OR DEPOSITS MADE AFTER THE DATE OF THIS PROCLAMATION IN
EXISTING ACCOUNTS SHALL NOT BE SUBJECT TO THIS $1,000
LIMITATION ON WITHDRAWALS; AND PROVIDED FURTHER THAT THE
STOCKHOLDERS OF ANY ASSOCIATION, ANY CONTROLLING PERSON OF
ANY STOCKHOLDER, AND ANY SPOUSE OR MEMBER OF THE IMMEDIATE
FAMILY OF ANY SUCH STOCKHOLDER OR CONTROLLING PERSON MAY
MAKE NO WITHDRAWALS.

 

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Session Laws, 1985
Volume 760, Page 4222   View pdf image
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