842

LAWS OF MARYLAND.

of any kind or nature ; whenever such office or ap-

pointment is conferred or made by any person or

persons, or by any orphans' court or other court,

either of this State or of the United States; and that

in all cases where application shall be made to any

court of this State tor the appointment of any re-

ceivers, trustees, administrators, assignees, guardian

of any minor or committee of a lunatic, it shall and

may be lawful for such court, if it shall think fit to

With their
assent.

appoint the Baltimore Trust, Safe Deposit, Insurance

and Guarantee Company of Baltimore, with their

assent, such receiver, trustee, administrator, assignee,

guardian or committee; and the accounts of said

company as such receiver, trustee, administrator,

assignee, guardian or committee, shall be regularly

settled and adjusted before the tribunal; and upon

such settlement and adjustment, all proper, legal and

customary charges, costs and expenses shall be

allowed to said company for their care and manage-

ment of the trusts and estates aforesaid; and the

said company, as such receiver, trustee, adminis-

trator, executor, assignee, guardian or committee,

Subject to.

shall be subject to all orders or decrees made by the

proper tribunal under the laws of the State.

SEC. 6. And be it enacted, That when any court

Shall appoint

shall appoint the said company a receiver, trustee,

said company

administrator, executor, assignee, guardian or com-

mittee, or shall order the deposit of money or other

valuables of any kind with said company, the capital

stock as paid in not being less than fifty per centum

thereof, shall be taken and considered as the security

required by law, for the faithful performance of their

duties; provided, the said court shall deem it un-

necessary to require any further security, and shall

be absolutely liable in case of any default on the part

Authorized to

of said corporation ; the court if it deem necessary

investigate.

may from time to time appoint suitable persons to

investigate the affairs and management of said com-

pany, who shall report to such court the manner in

which such investments are made, and the security

offered to those by or for whom its engagements are

held ; and the expenses of such investigation shall

be defrayed by the said company, or the court may ,

if deemed necessary, examine the officers of said

company under oath or affirmation as to the security

aforesaid.