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The Annotated Code of the Public General Laws of Maryland, 1914
Volume 373, Page 854   View pdf image (33K)
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854 SALES AND NOTICES. : [ART. 83

least five days before paying or delivering to the vendor any part of
the purchase price or consideration thereof, or any promissory note, or
other evidence of indebtedness 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 pur-
chase by him of such stock of goods, wares, or merchandise; and when-
ever any person shall purchase any stock of goods, wares, or mer-
chandise in bulk, or shall pay the purchase price or any part thereof,
without having first demanded and received from his vendor the state-
ment under oath as provided in Section 100, and without having noti-
fied or cause to be notified all of the creditors of the vendor named in
such statement as in the Section presented, such purchase, sale or trans-
fer shall, to any and all subsisting creditors of the vendor, be void.
Sections 100 to .103 apparently impliedly repeal sections 19 to 21.

1912, ch. 451, sec. 100.

102. Any sale or transfer of a stock of goods, wares or mer-
chandise 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.
Section 100 to 103 apparently impliedly repeal sections 19 to 21.

1912, ch. 451, sec. 101.

103. 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.

Sections 100 to 103 apparently impliedly repeal sections 19 to 21.

 

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The Annotated Code of the Public General Laws of Maryland, 1914
Volume 373, Page 854   View pdf image (33K)
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