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The Maryland Code Public General Laws, 1904
Volume 393, Page 453   View pdf image (33K)
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ART. 16] TRUSTEE. 453

court No. 2 of Baltimore city, or by any court in this State
having equity jurisdiction, or the committee of any lunatic
having funds, money or property of any kind or description,
whether invested or uninvested, belonging to cestui que trust
or lunatic, may, upon order of the circuit court or circuit court
No. 2 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 what-
ever it may consist, and being the property of his cestui que
trust, or of such lunatic, to any other trustee of said cestui que
trust or committee, guardian or trustee of such lunatic,
appointed as such by a court in any State of competent juris-
diction, or any judge thereof, whether the trustee, committee or
guardian so appointed resides in the State of Maryland or
elsewhere.

1888, art. 16, sec. 214. 1876, ch. 245, sec 2 1894, ch. 530

232. Upon application the said circuit courts of Baltimore
city, or any court in this State having equity jurisdiction, is
authorized and empowered to pass an order directing the trans-
fer, assignment or payment of the trust funds, moneys or prop-
erties of said cestui que trust or lunatic to any other trustee,
committee or guardian, as specified and mentioned in section
231, provided the said court, before passing the order as afore-
said, or any judge thereof, as mentioned in the preceding sec-
tion, 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 trust 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. sec. 215. 1876, ch. 245, sec. 3. 1894, ch. 530.

233. The receipt and release of the trustee or trustees,
committee or guardian, properly authenticated, as provided by
article 79 of this code, to whom the said trust moneys, prop-
erties and effects of the cestui que trust or lunatic shall or may
have been paid over, assigned or transferred in virtue of the
order or decree of the said circuit court or circuit court No. 2
of Baltimore city, or of any other court of competent jurisdic-
tion in this State, or any judge thereof, shall be a good and
sufficient release to the trustee or committee so paying over,


 

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The Maryland Code Public General Laws, 1904
Volume 393, Page 453   View pdf image (33K)
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