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The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 121   View pdf image (33K)
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ART. 2] FACTORS' INSOLVENCY—AGRICULTURAL PEODUCTS. 121

is hereinbefore provided in cases where such agent or factor shall have
become insolvent; and may demand and recover from such person or
body corporate such goods, wares or merchandise so deposited or
pledged, on re-payment of the money or restoration of the negotiable
instrument so advanced, and on payment of such further sum of money,
or restoration of such other negotiable instrument (if any), as may
have been advanced or given by such agent or factor to such owner or
on payment of a sum of money equal to the amount of the same, or
may recover from such person or body corporate any balance or sum of
money remaining in his or its hands as the produce of the sale of such
goods, wares or merchandise, after deducting thereout the amount of
the money or negotiable instrument so advanced.

1904, art. 2, sec. 11. 1888, art. 2, sec. 11. 1860, art. 3, sec. 11. 1825, ch. 182. sec. 6.

11. In case of the insolvency of any agent or factor, the owner of
the goods, wares or merchandise so pledged and redeemed as provided
in the preceding section shall be held to have discharged pro tanto the
debt due by him to the estate of such insolvent.

Ibid. sec. 12. 1888, art. 2, sec. 12. 1860, art. 3, sec. 12. 1849, ch. 293, sec. 1.

12. No consignment of agricultural productions whatever by the
grower or producer or other owner to any commission merchant, factor,
agent or other bailee or consignee, for the purpose of sale for the use
and benefit of such grower, producer or other owner, shall be deemed
or taken to vest in such commission merchant, agent, factor or other
bailee or consignee, any other title or right to such articles consigned,
than the special right or title to sell and deliver the same to a fair and
bona fide purchaser for a valuable consideration.

Ibid. sec. 13. 1888, art. 2, sec. 13. 1860. art. 3, sec. 13. 1849, ch. 293, sec. 1.

13. Every mortgage, pledge, deposit or other disposal by said com-
mission merchant, factor, agent, bailee or consignee, of such agricultural
productions thus consigned for sale alone, unless with the consent of
the grower, producer or other owner, expressly given, shall be null and
void; and no title to said articles, or any of them, shall pass to the
person receiving the same, but the title thereto shall remain in the
grower, producer or other consignor thereof, as if no such mortgage,
pledge, deposit or other disposal had been made.

Ibid. sec. 14. 1888, art. 2, sec. 14. 1860, art. 3, sec. 14. 1849, ch. 293, sec. 2.

14. Whenever any commission merchant, factor, agent or other
consignee, shall be discharged under the insolvent laws of this State,
no agricultural produce which may have been consigned to him for
sale, and which may be on hand at the time of his application and
discharge, not sold to a fair and bona fide purchaser for a valuable
consideration, shall pass to the trustee of said insolvent, or be in any
wise answerable for his debts; but all such agricultural produce so
on hand at the time of such application and discharge shall be the

 

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The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 121   View pdf image (33K)
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