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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 3620   View pdf image (33K)
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JAS. BLACK GROOME, ESQUIRE, GOVERNOR. 761

transfer thereof before any sale or transfer thereof

 

has actually been made by the foreign executor or

 

administrator; and provided, further, that adminis-

 

tration shall not be granted to any one in this State

Provieo.

except the next of kin, residuary legatee, or a credi-
tor, who shall make oath to and exhibit the vouchers

 

of his claim before obtaining administration.

 

SEC. 105. No such foreign executor or adminis-

 

trator shall be authorized to transfer any such stock

Not to transfer
until after

until after he shall have given at least one month's

notice.

notice by advertisement, published twice a week for

 

four weeks, in two daily newspapers of the City of

 

Baltimore, stating therein the death of his testator or

 

intestate, and the amount and description of stock

 

designated to be transferred.

 

SEC. 106. The provisions of this article imposing

Shall extend.

a tax on commissions of domestic executors or admin-

 

istrators, shall extend to such foreign executor or

 

administrator, and the orphans' court of the county

 

or city in which the stock transferred is situated,

 

shall fix the commissions of such foreign executor

 

or administrator, who shall thereupon pay the tax

 

thereon to the register of wills of such county or city.

 

SEC. 107. Every trustee, to whom any estate, real,

 

personal or mixed, shall be limited or conveyed for

File a bond.

the benefit of creditors, or to be sold for any other

 

purpose, shall file with the clerk of the court in

 

which the deed or instrument creating the trust may

 

be recorded, a bond in such penalty as the clerk may

 

prescribe, being as nearly as can be ascertained, dou-

 

ble the amount of the trust estate, and with sureties

 

to be approved by the clerk, conditioned for the

 

faithful performance of the trust, by the deed or other

 

instrument reposed in such trustee, which bond shall

 

be recorded in the office of said clerk ; but when the

 

sale is to be on a contingency, no bond need be given

Contingency.

until the contingency happens ; no title shall pass to

 

any trustee as aforesaid, until such bond shall be

 

filed and approved as aforesaid, and no sale made by

 

any such trustee without such bond shall be valid,

 

or pass any title to such property or estate.

 

SEC. 108. Whereupon an investigation of the cir-

May prescribe

cumstances of the case, the circuit court of the

the amount.



 

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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 3620   View pdf image (33K)
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