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Clement Dorsey. The general public statutory law and public local law of the state of Maryland, 1692-1839
Volume 141, Page 1185   View pdf image (33K)
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LAWS OF MARYLAND.— 1834.

1185

not to have had notice of the condition of insolvency as afore-
said of said debtor.

 

. SEC. 2. And be it enacted, That in all cases of applications
that shall hereafter be made for the benefit of the insolvent laws
under the act to which this is a supplement, or any of the sup-
plements thereto, or under the act passed at November session
of the year eighteen hundred and five, chapter one hundred and
ten, entitled an act for the relief of sundry insolvent debtors, or

In cases of
application,
&c.

any of the supplements thereto, all property within the intent
of the fifth section of the said act, passed at November session,
of the year eighteen hundred and five, chapter one hundred and
ten, that shall be acquired-by or accrue to the insolvent debtor,
by gift, descent, or in his own right by bequest, devise, or in any

All proper-
ty acquired,
&c.

course of distribution, shall be deemed and so distributed, and
applied, as estate of said insolvent debtor for the benefit of his
creditors, at the time of his application, and as effectually as
any property mentioned in the schedule of such insolvent debtor
upon his said application, and shall as from the time of said

Shall be
deemed as
estate of the
insolvent.

acquisition or accrual, vest in any trustee or trustees for his or
her creditors appointed, or hereafter to be appointed under such

Vest in
trustee.

application : and any acquittance or receipts from such trustee
or trustees in respect of such property, shall avail as if granted
by the insolvent debtor; and where such insolvent debtor shall

His acquit-
tance valid.

have applied more than once for the benefit of the said insolvent
laws, the said property shall be deemed and taken as estate for
the benefit of all the creditors of said insolvent debtor, so being
at the times of the several applications, and shall be so distri-
buted and applied, and upon such trust shall vest as aforesaid
in the trustee or trustees aforesaid, under the first of the applica-

And if more
than once
insolvent.

Applied to
payment of
all his
creditors.

tions aforesaid, of such insolvent debtor ; Provided, that nothing
herein contained, shall in any manner, discharge the property
so acquired or accrued, from any execution or attachment levied
thereon previously to the passage of this act, but that the said
process shall, in all respects, be valid and effectual to the same
extent, as if the said insolvent debtor had not made his said
application.

Proviso

 

SEC. 3. And be it enacted. That in any case of attachment
or other proceeding at law, or in equity, now or hereafter to be
instituted, for the purpose of making liable any property ac-
quired as aforesaid by an insolvent debtor who shall have ap-
plied as aforesaid, before the passage of this act, under any plea,
of limitations that shall hereafter be pleaded by or on behalf oi
such insolvent debtor, the lapse of time shall be computed only
from the time of such acquisitions; and the creditor or creditors,
at whose instance such attachment or other proceeding at law
or in equity, shall have been instituted, shall be at liberty tc
149

Limitation
in such
cases
regulated.

 

 

 

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Clement Dorsey. The general public statutory law and public local law of the state of Maryland, 1692-1839
Volume 141, Page 1185   View pdf image (33K)
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