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Session Laws, 1880
Volume 395, Page 264   View pdf image (33K)
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264

LAWS OF MARYLAND.


lic General Laws, title "Insolvents," be and the


same are hereby repealed, and re enacted with'


amendments, so as to read as follows :


1. Any person being insolvent may apply, by

Insolvent to
apply by peti-
tion.

petition, to the Circuit Court for the county where
such insolvent resides, or to the Court of Common


Pleas of Baltimore city, if the insolvent resides in


the city of Baltimore, stating that he is insolvent,


and offering to deliver up for the benefit of his


creditors all his property, real and personal, and ex-
hibiting therewith a schedule of his property, and


a list of the debts due from and owing to him, with


the names of his debtors and creditors, and their


respective places of business or residence, so far as


known to the insolvent, all verified by affidavit, and


shall annex to his petition an affidavit that he will


deliver up and convey to such trustee as may be


appointed, for the benefit of his creditors, all the


property, estate, rights and claims of every de-


scription, to which he is in any manner entitled;


the necessary wearing apparel and bedding of him-


self arid family, and such property as may, by law,


be exempted from execution, excepted ; and that he

Convey to

has not at any time sold, lessened, transferred or

trustee

disposed of any part of his money or other property
for the use or benefit of any person, or intrusted any


part of his money or other property, debts, rights or


claims, thereby intending to delay or defraud his


creditors, or any of them, or to secure the same so


as to receive, or expect to receive, any profit, benefit


or advantage himself therefrom; provided that the


said applicant has at no time within, two years pre-


vious to said application, been discharged under any


insolvent law of this State.


2. The court, or one of the judges thereof, shall

Appoint a

then appoint a preliminary trustee, who shall give

preliminary

bond to the State, with surety or sureties to be ap-

trustee.

proved by the judges or clerk of said court, in such


penalty as the court, or one of the judges thereof,


may prescribe, for the faithful discharge of his trust,


and the insolvent shall immediately convey to such


trustee all his property and estate of every de-


scription; and upon the approval of such bond,


whether such conveyance has been made or not, all



 
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Session Laws, 1880
Volume 395, Page 264   View pdf image (33K)
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