1118

LAWS OF MARYLAND.

all kinds of indebtedness, and to have the management, cus-

Custody of
property.

tody and control of all kinds of property on such terms as may-

be arranged.

SEC. 17. And be it enacted, That the said corporation be

To accept and
execute

and it is hereby authorized and empowered to accept and ex-

trusts, etc.

ecute, as fully as a natural person, trusts of any and every

description which may be committed or transferred to it, with

its consent, by any person or persons whatsoever, bodies cor-

porate or politic, or by any court in the State of Maryland,

or any other State, or by the courts of the United States ; and

to accept the office and appointment of executors and admin-

istrators of any kind or nature whenever such office or appoint-

ment is conferred or made by any person or persons or by any

Orphans' Court or other Court, either in this State or in any

other State; and that in all cases where application shall be

made to any court of this State for the appointment of any

receiver, trustee, assignee, administrator, executor, guardian

of any minor or committee of any lunatic, it shall and may be

lawful for such court, if it shall think fit to appoint the said

Security Trust and Loan Company, with its assent, such re-

ceiver, trustee or assignee, administrator, executor, guardian

or committee ; and the accounts of said corporation as such re-

ceiver, trustee, assignee, administrator, executor, guardian or

committee, shall be regularly settled and adjusted before the

court making such appointment; and upon such settlement

and adjustment, all proper, legal and customary charges,

costs and expenses shall be allowed to said corporation for its

care and management of the trusts and estates aforesaid, in

accordance with the practice of the court so appointing in

Subject to all

the case of natural persons, when so appointed; and the said

lawful de-

corporation as such receiver, trustee, assignee, administrator,

executor, guardian or committee, shall be subject to all lawful

orders or decrees made by the proper tribunal under the

laws of such State.

SEC. 18. And be it enacted, That when any court shall ap-

point the said corporation a receiver, trustee, assignee, executor,

administrator, guardian or committee, or shall order a de-

posit of money, stocks, bonds, securities or other valuables

of any kind with said corporation, the capital stock as paid in

Capital stock
to be taken

shall be taken and considered as the security required by law

as security.

for the faithful performance of any duty imposed upon it,

by orders or decrees of such court, unless the said court shall

deem it proper to require further security; and the said cor-

poration shall be absolutely liable in case of any default what-