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The Maryland Code Public General Laws, 1904
Volume 393, Page 1310   View pdf image (33K)
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1310 INSOLVENTS. [ART. 47

therein, and may order a new bond or a new security or securi-
ties to be given, and may remove any trustee on failure in
compliance or for incompetency or neglect of duty, and shall
have all the powers over the trustees under this article, which
courts of equity have over trustees appointed by decree to sell
property; and the said courts shall, by .their rules, provide
the method and forms for the proof of claims against th.e
estate of insolvents.
Leiman's Estate, 32 Md. 225.

1888, art. 47, sec. 14. 1860, art. 48, sec. 13. 1854, ch. 193, see 13.
1880, ch. 172. 1884 ch. 295. 1886, ch. 298. 1890, ch. 364

1896, ch. 184. 1896, ch. 446.

14i No deed or conveyance executed, or lien created by any
person being insolvent or in contemplation of insolvency, save
as hereinafter provided, shall be lawful or valid if the same
shall contain any preference, save such as result from opera-
tion of law, and save those for the wages or salaries to clerks,
servants, salesmen and employes contracted not more than
three months anterior to the execution thereof; and all prefer-
ences, with the exceptions aforesaid, shall be void, howsoever
the same may be made; provided, the grantor or party creat-
ing said lien or preference shall be proceeded against under
section 23 of this article, or shall apply for the benefit of this
article under section 1 within four months after the recording
of the deed or conveyance or the creation of said lien or
preference, and shall be declared or shall become, under the
provisions of this article, an insolvent; provided, that nothing
in this section shall apply so as to set aside or render invalid
the lien of any such judgments, mortgage or other conveyance
executed by the debtor for money bona fide loaned or paid at
the time of the creation of such judgments, mortgage or con-
veyance, but such shall remain a valid and subsisting lien,
although the debtor may be proceeded against under or may
apply for the benefit of this article.

Maennel v. Murdoch, 13 Md. 164. McColgan v. Hopkins, 17 Md. 395.
Mackintosh v. Corner, 33 Md. 598 Wolfsheimei v. Rivinus, 64 Md. 230.
Liueweaver v Slagle, 64 Md 489. Castleberg v Wheeler, 68 Md. 275.
Brown v. Smart, 69 Md. 320. Hinkleman v Fey, 79 Md. 114. Pfaff v
Prag, 79 Md. 371. Willison v. Frostburg Bank, 80 Md. 211 Nicholson v.
Schmucker, 81 Md 464. Vogler v Rosenthal, 85 Md. 45 James Clark Co.
v Colton, 91 Md. 239.

Ibid. sec. 15. 1888, ch. 383. 1896, ch. 184.

15. Whenever any person or body corporate shall make an
assignment for the benefit of his, her or its creditors, or shall


 

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The Maryland Code Public General Laws, 1904
Volume 393, Page 1310   View pdf image (33K)
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