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The Maryland Code : Public General Laws and Public Local Laws, 1860
Volume 145, Page 654   View pdf image (33K)
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654 TESTAMENTARY LAW. [ART. 93.

person entitled to the real estate at the death of such infant,
and the guardian's bond shall be liable for the same.

163. If the guardian die before the recovery of such rent his
administrator may recover the same, to be accounted for and
appropriated in the same manner that the guardian if living
would be held to account for the same.

164. Every guardian shall account for all profit and increase
of his ward's estate, or the annual value as aforesaid, and shall
not be answerable for any loss or decrease unless caused by his
default, to be allowed by the court.

165. And once in each year, or oftener if required by the
court, a guardian shall settle an account of his trust with the
Orphans' Court; and the said court shall ascertain at its dis-
cretion the amount of the sum to be annually expended in the
maintenance and education of the infant, regard being had to
his future situation, prospects and destination; and the said
court, if it deem it advantageous to the ward, may allow the
guardian to exceed the income of the estate and to make use
of his principal, and sell part of the same under its order; but
no part of the real estate shall on account of such maintenance
or education be diminished, without the approbation of a court
of equity as well as of the Orphans' Court.

166. In case the personal property of a ward shall consist of
specific articles, such as slaves, working beasts, animals of any
kind, furniture, stock, plate, books, and so forth, the court may
order a sale thereof, for ready money or on credit, the purchaser
giving bond with security to the said ward, bearing interest; and
all proceedings relative to said sale shall be as directed respecting
sales by administrators.

167. The Orphans' Court, if they shall think such sale advan-
tageous to the ward, may also order any guardian to sell lease-
hold estates of his ward, and shall order the proceeds to be
invested in bank stock or any other good security, in the name
of the ward, and no sale, transfer or disposal of the said stock
shall be made without the order of the court.

168. The Orphans' Court may order any money belonging to
a ward to be invested in like manner, and subject to the same
restrictions as prescribed in the preceding section.

 

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The Maryland Code : Public General Laws and Public Local Laws, 1860
Volume 145, Page 654   View pdf image (33K)
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