1298
|
LAWS OF MARYLAND.— 1838.
|
Title con-
firmed to.
|
trust property, jointly with the trustee or trustees who appointed
him, or them, in the same manner and possessed of the same
|
|
power over the trust property, as if he or they had been originally
|
As to
liability.
|
named in the deed creating the trust ; Provided nevertheless,
that no trustee shall be at liberty by such resignation to exoner-
|
|
ate himself from any pecuniary responsibility, so as to throw
|
|
the whole burden thereof, on the remaining trustee or trustees,
|
|
without his or their assent.
|
In any case
|
SEC. 3. And be it enacted. That whenever any property has
|
only mi-
nority of
|
been conveyed in trust as aforesaid, and by reason of the causes
|
trustees re-
|
specified in the deed creating the trust, or by reason of resigna-
|
maining.
|
tions as authorized by this act, or from any other cause, there
|
|
shall be a minority only of the board of trustees remaining, it
|
|
shall and may be lawful for the remaining trustee or trustees, or
|
May supply
|
a majority of them, to fill up the board of trustees, conforming
|
vacancies.
|
as nearly as possible, in so doing, to the provisions of the deed
|
Proviso.
|
creating the trust; Provided however, if a different mode of
|
|
filling any vacancy or vacancies in the board of trustees, be pre-
|
|
scribed in the deed creating the trust, then the vacancy or
|
|
vacancies shall be filled in the manner thereby prescribed, and
|
|
on filling up of said vacancy or vacancies, the new trustee or
|
|
trustees shall become jointly seized with him or them, of the
|
|
trust property, according to the enactments of the second section
|
|
of this law.
|
In case of
|
SEC. 4. And be it enacted, That whenever any property may
|
absence of
trustee.
|
have been, or shall hereafter be conveyed in trust as aforesaid,
|
|
and by reason of the removal out of the state, or from any other
|
|
cause whatever, the trustees cannot be assembled for the pur-
|
|
pose of filling any vacancy, or vacancies, occurring as aforesaid,
|
Vacancy
|
it shall and may be lawful for the nomination of a trustee or
|
maybe
filled.
|
trustees, to fill the vacancy or vacancies to be made to each of
the trustees separately, and for each of the trustees to give his
|
Mode
|
vote in writing specifying the name of the nominee or nominees
|
specified.
|
for whom he votes, and an election made in such manner, shall
|
|
have the same effect, and be equally as valid as if made accord-
|
|
ing to the provisions of the deed, creating the trust ; Provided
|
|
however, that the mode of filling a vacancy or vacancies in the
|
|
board of trustees under the provisions of the deed creating such
|
|
trusts, is by nomination to, and approval by the trustees thereof.
|
In ease
|
SEC. 5. And be it enacted, That whenever any property has
|
trustees
entirely
extinct.
|
been conveyed in trust as aforesaid, and by the operations of
any cause, or causes whatever, the board of trustees shall have
|
|
become entirely extinct, it shall and may be lawful for a new-
|
|
board of trustees to be created in such manner as is, or may be
|
|
prescribed by the discipline and form of church government to
|
May be ap-
pointed by
the church.
|
which such property belongs, and said board of trustees when
so created, shall be seized and possessed of the trust property.
|