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The Maryland Code Public General Laws, 1904
Volume 393, Page 1317   View pdf image (33K)
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ART. 47] DISCHARGE——COPARTNERSHIPS. 1317

the preliminary or permanent trustee, and the trustee's report
of the sale of said real estate, together with all orders of the
clerk or court, giving efficacy thereto, for which said record
the said clerk shall receive such fees as are now allowed for
recording sales of real estate under decrees of courts of equity
in this State; and in all sales of real or leasehold estate to be
made by the permanent trustee under the provisions of this
article, the same shall be made in the county or city wherever
the said real or leasehold estate is situated, and after due
advertisement of such sales in at least one newspaper pub-
lished in such county or city.

1888, art. 47, sec. 27. 1880, ch. 172, sec. 28.

27. A discharge duly granted under this article may be
pleaded by a simple averment that, on the day of its date,
such discharge was granted to the party, and setting the
same forth in its exact words or according to legal effect; and
a certified copy of said discharge shall be sufficient evidence
of the fact of said discharge.

Ibid. sec. 28. 1884, ch. 295.

28. The provisions of this article shall apply to copartner-
ships engaged in business in this State, of which any of the
copartners are residents of this State; the petition by or
against said copartnership shall be filed in the court having
insolvent jurisdiction in the place where said copartnership
business is carried on, or, if such business is carried on in
different places, the court in which the petition is first filed
shall have exclusive jurisdiction; all the joint stock and
property of the copartnership, and all the separate estate of
each of the partners shall vest in and be conveyed to the pre-
liminary and permanent trustees, except such parts as are
hereinbefore excepted; the creditors of the firm, and of the
respective partners, may prove their respective debts; the per-
manent trustee shall be chosen by the copartnership creditors ;
he shall keep separate accounts of the joint stock or property
of the copartnership, and of the separate estate of each mem-
ber thereof; and after deducting out of the whole amount
received by the permanent trustee the whole of the expenses
and disbursements, the net proceeds of the joint stock shall be
appropriated to pay the creditors of the copartnership, and the
net proceeds of the separate estate of each partner shall be
appropriated to pay his separate creditors; if there is any
balance of the separate estate of any partner after the pay-


 

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The Maryland Code Public General Laws, 1904
Volume 393, Page 1317   View pdf image (33K)
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