clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e
  Maryland State Archives | Index | Help | Search search for:
clear space
white space
Session Laws, 1912
Volume 370, Page 140   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

140 LAWS OF MARYLAND. [Ch. 78]

(c) Before making distribution the said administrator shall
give notice once a week for four successive weeks in some news-
paper published in the county or city, where his letters of
administration were granted, to all persons having any claims
to said certificate and the dividends payable in respect thereto,
to file their claims in the Orphans' Court that granted the let-
ters of administration to said administrator within sixty days
from the expiration of said notice, and that in failing so to do,
distribution thereof will be made on a certain day therein named
without any remedy or recourse on their part against said
administrator, but that the distributive shares may be followed
into the hands of the distributees the same as if this act had
never been passed.

(d) Before any distribution of the said shares of said stock
or the dividends received by said administrator, or the proceeds
thereof is made, the persons entitled thereto shall respectively
give bond with adequate security to be approved by the Orphans'
Court aforesaid, in such sum and form as it shall direct, con-
ditioned that if the true and lawful principal, cestui que trust
or assignee, if any there be, or his personal representative shall
be established and proven they will respectively on demand
refund the amounts received by each with interest thereon. If
any such person is unable to furnish the security his share shall
be converted into money, and under the direction of said
Orphans' Court the proceeds thereof and his share in money,
shall be safely invested under the direction of said Court; the
accruing interest to be paid to the person entitled; the money
to remain invested until the security given or the said Orphans'
Court on application shall order it paid to the person entitled.

(e) Costs and all expenses of every nature and kind incident
to these proceedings shall be paid out of said shares of stock
and dividends aforesaid of the estate. Provided, however, that
the procedure provided by this act is cumulative and not exclu-
sive, and nothing in this act contained is to be taken or con-
strued as limiting in any way the right of any party who claims
to be entitled to a new certificate of stock in place of a lost or
destroyed certificate which was issued in the manner herein-
before indicated, to have his, her or its right to such new certifi-
cate determined and adjudicated, without regard to this act,
by resort to and judgment of any court of law or equity which
would have jurisdiction to determine and adjudicate such right
in the event that this act had never been passed; and provided
further, that the procedure herein provided for shall not be the
exclusive remedy in any cases already instituted or suits now

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1912
Volume 370, Page 140   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact msa.helpdesk@maryland.gov.

©Copyright  October 06, 2023
Maryland State Archives