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The Maryland Code Public General Laws, 1904
Volume 393, Page 575   View pdf image (33K)
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ART. 23] REMEDY AGAINST STOCKHOLDERS. 575

which, as the case may be, the principal office of the corpora-
tion is situated at the time of the filing of the bill, or, in case
any such corporation has, by reason of having been placed in
the hands of a receiver, or from any other cause, ceased to have
any principal office at the time of the filing of the bill, then the
bill shall be filed in a court having jurisdiction within the limits
of the county or the city of Baltimore in which, as the case may
be, the said corporation had its last principal place of business ;
and to any such bill stockholders residing beyond the limits of
the State of Maryland may become parties defendant, and upon
so becoming parties shall not be proceeded against in any other
State or Territory or in the District of Columbia in respect of
any liability imposed by the said section 85 L, as said section
stood before the repeal thereof, and which existed at the time
of the passage of the act of 1904 hereinbefore referred to.
This section shall become operative as of January 1, 1903, and
shall cause the abatement of all actions at law which shall have
been brought against said stockholders since that date to
enforce any liability created by section 85 L as said section
stood before the repeal thereof, and which existed at the time
of the passage of the act of 1904 hereinbefore referred to;
provided, however,'that as to any plaintiff or plaintiffs in any
of said abated suits who' shall within sixty days from the pas-
sage of this act become a party or parties to a bill in equity of
the character mentioned in this section, then, as regards the
operation of the statute of limitations upon the claims so sued
on, the time elapsed between the institution of said abated
suits and the time of such plaintiff or plaintiffs becoming a
party or parties to said bill in equity, shall be excluded
in ascertaining the period within which suits are required
to be brought by the said statute of limitations. The costs
taxable to any plaintiff or plaintiffs in any action at law
which shall be abated under the provision of this section, the
plaintiff or plaintiffs in which action shall become a party or
parties to a bill in equity under the provisions of this section,
shall become a port of the costs taxable in the proceedings in
said equity case.

1900, ch. 212, sec. 85 M. 1904, ch. 251.

106. Every life insurance company and accident insurance
company incorporated under the laws of this State, and every
safe deposit, trust, guaranty, loon and fidelity company or asso-
ciation, incorporated under any law of this or any other


 

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The Maryland Code Public General Laws, 1904
Volume 393, Page 575   View pdf image (33K)
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