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The Annotated Code of the Public General Laws of Maryland, 1924
Volume 375, Page 538   View pdf image (33K)
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538 ARTICLE 16.

in conjunction with another person or other persons to manage, lease or
sell any real or personal estate, or shall have been or shall hereafter be
appointed such trustee by any court of this State exercising equity juris-
diction, and shall be desirous to retire from and resign such trust after he or
she shall have accepted the same, such trustee may exhibit a petition ex parte
in the court exercising equity jurisdiction in the city or county where said
real or personal estate or said leasehold property may be situated, accompa-
nied by a full and particular account, under oath, of his or her receipts and
disbursements, if any, as such trustee; and the said court, upon the filing of
such petition and account, shall have jurisdiction in the premises, and shall
cause notices to be given by publication in one or more of the papers of said
city or county, and for such time as the said court may deem proper, giving
notice of the filing of such petition; and if no good cause shall be shown
to the contrary by the day that may be limited in that behalf in said notice,
the said court, by its decree, shall release and discharge the said trustee
from the further execution of said trust, and may pass such order as to costs,
and impose such terms in other respects, if any, as the nature of the case and
equity may require; provided, that such discharge shall not release said
trustee or his sureties, if any, from liability to any of the cestui que trusts
or other persons, for passed acts, defaults or omissions of duty.

This section referred to in holding that persons who did not create a trust, are
not the beneficiaries, are not charged with the execution of any part of it, and have
no interest in the trust property, may not invoke the jurisdiction of the court over
the trust or for the appointment of a trustee in the place of one of the trustees
named in the will who may desire to resign. Tarbert v. Rolling, 130 Md. 427.

Cited but not construed in Noble v. Birnie, 105 Md. 79.

An. Code, sec. 246. 1904, sec. 230. 1888, sec. 212. -1870, ch. 247, sec. 2.

261. Upon passing such decree, as mentioned in the preceding section,
or at any time thereafter, on the motion of any person interested in the
further execution of said trust, where the character of the trust requires
the appointment of another person as trustee in place of the discharged
trustee, the said court shall appoint some suitable person to ac.t thereafter
in execution of said trust; provided, nevertheless, that where any person
shall be in the same trust as a co-trustee, satisfactory evidence shall be
produced before the appointment of a substituted trustee that such
co-trustee had actual notice of the proposed appointment of such new
trustee and full time to be heard in relation thereto.

Cited but not construed in Western Md. R. R. Co. v. Goodwin, 77 Md. 278.

An. Code, sec. 246A. 1918, ch. 431.

262. Whenever any property, real or personal, or both, in this State,
has been limited or conveyed to a trustee or trustees to secure the payment
of money, and said trustee or trustees, the survivor of them, or trustee or
trustees substituted in said trust, shall die, resign or for any reason fail
or neglect to act in the performance of his or their duties, upon peti-
tion setting forth under oath the facts of said trust, the death, resig-
nation or failure to act of the trustee or trustees, and such other facts
as may be necessary to entitle the petitioner or petitioners to the relief

 

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The Annotated Code of the Public General Laws of Maryland, 1924
Volume 375, Page 538   View pdf image (33K)
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