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Supplement to the Code of Public General Laws of Maryland, 1898
Volume 391, Page 70   View pdf image (33K)
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70 CHANCERY. [ART. 16

diction, or the committee of any lunatic having funds, money
or property of any kind or description, whether invested or unin-
vested, belonging to cestui que trusts or lunatic, may, upon order
of the circuit court of Baltimore city, or upon order of any court
of this State having equity jurisdiction, or any judge thereof,
transfer, assign or pay over the principal of said trust estate, of
whatever it may consist, and being the property of his cestui
que trusts, or of such lunatic, to any other trustee of said cestui
que trusts or committee, guardian or trustee of such lunatic,
appointed as such by a court in any State of competent jurisdic-
tion, or any judge thereof, whether the trustee, committee or
guardian so appointed resides in the State of Maryland or else-
where.

1894, ch. 580.

214. Upon application the circuit court of Baltimore city, or
any court in this State having equity jurisdiction, is authorized
and empowered to pass an order directing the transfer, assign-
ment or payment of the trust funds, moneys or properties
of said cestui que trusts or lunatics to any other trustee, com-
mittee or guardian, as specified and mentioned in section 213,
provided the said court, before passing the order as aforesaid, or
any judge thereof, as mentioned in the preceding section, who is
hereby authorized and empowered to pass such order, shall be of
opinion that it would be to the interest and advantage of the
'cestui que trusts or lunatic, that said transfer should be made,
and the court or said judge shall further be satisfied that said
new trustee, committee or guardian has properly bonded and
been qualified as said trustee, committee or guardian.

Ibid.

215. The receipt and release of the trustee or trustees, com-
mittee or guardian, properly authenticated, as provided by article
79 of this Code, to whom the said trust moneys, properties and
effects of the cestui que trusts or lunatics, shall or may have been
paid over, assigned or transferred in virtue of the order or decree
of the said Circuit Court of Baltimore city, or of any other court
of competent jurisdiction in this State, or any judge thereof,
shall be a good and sufficient release to the trustee or committee
so paying over, transferring or assigning said trust moneys, prop-
erties and effects of said trust estate.

 

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Supplement to the Code of Public General Laws of Maryland, 1898
Volume 391, Page 70   View pdf image (33K)
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