|
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same are hereby repealed, and re enacted with'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
|
|