JOHN LEE CARROLL. ESQUIRE, GOVERNOR. 777
shall have the cash surrender value endorsed
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thereon.
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SEC. 16. And be it enacted, That the said com-
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pany may purchase for its own benefit any policy
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May pur-
chase policies.
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of insurance or other obligation of the said com-
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pany growing out of its business, and also any
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claims arising out of dividends or profits ; but no
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officer, director or agent of the company shall be
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directly or indirectly interested in such purchase.
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SEC. 17. And be it enacted, That it shall be lawful
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for any married woman, by herself and in her
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Married
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name, or in the name of a third person, with his
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women may
insure.
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assent as her trustee, to cause to be insured in
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said company, for her sole use, the life of her hus-
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band, for any definite period or for the term of
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his natural life, and in case of her surviving her
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husband the sum or net amount of the insurance
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becoming due and payable by the terms of the in-
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surance shall be payable to her and for her sole
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use, free from the claims of the representative of
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her said husband, or of any of his creditors. In
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case of the decease of the wife before her hus-
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band, the amount of insurance due at his death
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shall pass to the children of said wife so insuring,
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for their use.
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SEC. 18. And be it enacted, That this act shall take
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effect from and after its passage, but may be al-
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In forces.
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tered, amended or repealed by the Legislature of
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Maryland at its pleasure.
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Approved April — , 1878.
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