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Session Laws, 1896 Session
Volume 475, Page 631   View pdf image (33K)
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LLOYD LOWNDES, ESQUIRE, GOVERNOR.

money thereon, upon such terms as may be agreed upon; that
in all cases in which public officers, municipal or private cor-
porations, executors, administrates, guardians, receivers,
trustees or other officers of the Courts of the State of Mary-
land or of the United States Courts, are authorized to deposit
money, stocks, bonds, evidences of debt or other securities,
such deposits by such officers or corporations may be made
with said company.

SEC. 11. And be it enacted, That the said company be
and it is hereby authorized to accept and execute trusts of

631


every kind and description, which may be committed or trans-
ferred to it, with its consent, by any person or persons whom-
soever, bodies corporate or public, or by any court in the State
of Maryland, or by the courts of the United States, or of any
of the States or Territories thereof; and to accept the office
and appointment of executor, administrator, trustee, committee,
guardian or assignee of any kind or nature, whenever such
office or appointment is conferred or made by any person of
persons, or by any Orphans' Court or other court, either in this
State or any one of the United States, and that in all cases
where application shall be made to any court of this State for
appointment of any receiver, trustee, administrator, assignee,
guardian or committee of a lunatic or minor, it shall and may
be lawful for such court, if it shall think fit, to appoint the
said company, with its assent, such receiver, administrator
trustee, assignee, guardian or committee; and the accounts of
said company as such receiver, trustee, administrator, guardian
or committee shall be regularly settled and adjusted before
said court, and upon such settlement and adjustment, all proper
legal and customary charges, commissions, cost and expenses
shall be allowed said company for its care and management of
the trusts and estates aforesaid; and the said company as such
receiver,' trustee, administrator, executor, assignee, guardian or
committee shall be subject to all orders or decrees made by the
proper tribunals under the laws of this State.

May execute
trusts, etc.


SEC. 12. And be it enacted, That whenever any court shall
appoint the said corporation a receiver, administrator, trustee
guardian, committee or assignee, or shall order the deposit of
money or other valuables of any kind, with the said corpora-
tion, the capital stock of said corporation shall be taken and
considered as the security required by law for the faithful
performance of any duty imposed upon it by the order or
decrees of such court, unless the said court shall deem proper
to require further security; and the said corporation shall be


Liability of
company.




 
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Session Laws, 1896 Session
Volume 475, Page 631   View pdf image (33K)
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