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Session Laws, 1912
Volume 370, Page 633   View pdf image
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PHILLIPS LEE GOLDSBOROUGH, ESQ., GOVERNOR. 633

purchase and at least five days before paying or delivering to
the vendor any part of the purchase price a consideration
thereof, or any promissory note, or other evidence of indebted-
ness for the same in good faith, notify or cause to be notified
personally, or by registered letter, each of the creditors of the
vendor named in the statement of the proposed purchase by him
of such stock of goods, wares or merchandise; and whenever
any person shall purchase any stock of goods, wares or mer-
chandise in bulk, or shall pay the purchase price, or any part
thereof, or execute or deliver to the vendor thereof, or to hia
order, or to any person for his use, any promissory note or other
evidence of indebtedness for said stock, or any part thereof,
without having first demanded and received from his vendor
the statement under oath as provided in section 98, and without
having notified or caused to be notified all of the creditors of
the vendor named in such statement as in the section presented,
such purchase, sale or transfer shall, to any and to all subsist-
ing creditors of the vendor, be void.

100. That any sale or transfer of a stock of goods, wares or
merchandise out of the usual or ordinary course of the business
in the trade of the vendor, or whenever thereby substantially
the entire business trade theretofore conducted by the vendor
shall be sold or conveyed, or attempted to be sold or conveyed,
to one or more persons, shall be deemed a sale or transfer in
bulk, in contemplation of this law.

101. That nothing contained in the aforegoing sections shall
apply to sales made by executors, administrators, receivers or
any public officer conducting a sale in his official capacity, nor
to any deed of trust executed for the benefit of the creditors.

SEC. 2. And be it enacted, That this act shall take effect
from the date of its passage.

Approved April 8, 1912.

CHAPTER 452.

AN ACT to refund to Edward Davis, manager of the Hotel
Rennert. of Baltimore City, a sum of money paid in license
and which sum was paid a second time when license was
issued for the whole year.

(Vetoed.)

 

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Session Laws, 1912
Volume 370, Page 633   View pdf image
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