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Session Laws, 1933 Session
Volume 421, Page 1003   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 1003

a conditional contract of sale defined in Section 55 of
Article 21 of the Annotated Code of Public General Laws
of Maryland (1924), or mortgaged by the tenant by a
purchase money chattel mortgage under the terms of Sec-
tions 44 to 54, inclusive, of Article 21 of the Annotated
Code of Public General Laws of Maryland (1924), and if
it shall be found that any of such property is being pur-
chased by the tenant under such a conditional contract of
sale or covered by a purchase money chattel mortgage exe-
cuted by said tenant, and if such additional contract of
sale or mortgage shall have been executed and recorded in
accordance with the laws of the State of Maryland gov-
erning the execution and recording of such instruments,
the landlord, except in cases of personal property in office
buildings, shall either release such property from the dis-
traint proceedings or pay to the vendor named in such con-
ditional contract of sale or to the mortgagee in such mort-
gage the balance due under such conditional contract of
sale or mortgage, and said balance, if paid, by the land-
lord, shall become a part of the costs in such distraint
proceedings; and be collectible in the same manner as are
the other costs in such proceedings; and provided further
that such vendor or mortgagee shall render, upon demand
by the landlord, a true statement of the balance due under
such conditional contract of sale or mortgage, and when
said balance is paid, shall release unto said landlord such
conditional contract of sale or mortgage.

SEC. 2. And be it further enacted, That this Act shall
take effect June 1, 1933.

Approved April 21, 1933.

CHAPTER 528.

AN ACT to repeal and re-enact, with amendments, Section
20 of Article 11 of the Annotated Code of Public Gen-
eral Laws of Maryland, Edition of 1924, entitled "Banks
and Trust Companies, " sub-title "Banks, " as the said
section was amended by Chapter 294 of the Acts of 1931;
to repeal and re-enact, with amendments, Section 42 of
Article 11 of the Annotated Code of Public General Laws
of Maryland, Edition of 1924, entitled "Banks and Trust
Companies, " sub-title "Trust Companies, " as the said
section was amended by Chapter 294 of the Acts of 1931

 

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Session Laws, 1933 Session
Volume 421, Page 1003   View pdf image (33K)
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