296 LAWS OF MARYLAND. [CH. 173
terests and welfare of such child will be thereby promoted,
and provided further, that the child, if of sufficient intelligence
and capacity to give an understanding assent, or such adult,
shall so desire.
Except as otherwise provided herein, the adoption of an
adult shall be governed by the laws applicable to adoption of a
child, and an adopted adult shall have the same rights as if
adopted during minority.
SEC. 2. And be it further enacted, That this Act shall take
effect June 1, 1937.
Approved May 18, 1937.
CHAPTER 173.
AN ACT to re-enact with amendments Section 6A of Article
66 of the Code of Public General Laws of Maryland (1924
Edition), title "Mortgages" as amended by Chapter 527, of
the Acts of 1935, of the General Assembly of Maryland, re-
stricting the right of a holder of a fractional interest in the
debt secured by any mortgage to foreclose or procure the
foreclosure thereof, under any power of sale contained
therein, except as provided in this Act.
SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section 6A of Article 66 of the Code of Public
General Laws of Maryland (1924 Edition), title "Mortgages",
as amended by Chapter 527 of the Laws of 1935 is hereby re-
enacted with amendments to follow immediately after Section
6 of said Article 66, and to continue to be known as Section 6A,
so as to read as follows:
6A. In all mortgages of real and/or leasehold property
heretofore given or hereafter given wherein there is inserted
a clause authorizing the mortgagee or any other person named,
or to be named therein to sell the mortgaged premises upon
such terms and on such contingency as may be expressed
therein, the power of sale therein contained shall not be ex-
ercised except by and with the consent of the record holders
of not less than 25% of the entire unpaid mortgage debt
secured by the mortgage sought to be foreclosed, it being
hereby declared to be the intent of this Section that the holder
or holders of a fractional interest in the unpaid mortgage debt
of less than 25% of the entire amount thereof, shall not have
recourse to the summary and ex parte remedies given under
said Section 6 of Article 66 as aforesaid. Where any holder
|
![clear space](../../../images/clear.gif) |