JOHN WALTER SMITH, ESQ., GOVERNOR.

303

and the bond of such constable shall be liable for all such
fines and costs so chargeable against him.
SEC. 2. And be it enacted. That this Act shall take effect
from the day of its passage.
Approved April 8, 1902.

CHAPTER 198.
AN ACT to repeal Section 264 A of Chapter 349 of the Acts
of eighteen hundred and ninety-six, entitled "An Act tc
add an additional Section to Article twenty-three of the
Code of Public General Laws, title 'Corporations,' sub-title
'Dissolution of Corporations,' to follow Section 264, to be
designated as Section 264 A, relating to preferences and tc
fraudulent and improper conveyances and transfers made
by corporations when insolvent, or in contemplation of
insolvency," and to re-enact the same with amendments.
SECTION 1. Be it enacted by the General Assembly of

CHAP.196.

Maryland, That section 264 A of chapter 349 of the Acts of
eighteen hundred and ninety six, entitled "An Act to add an
additional section to Article twenty-three of the Code of
Public General Laws, title 'Corporations,' sub-title 'Dissolution
of Corporations,' to follow section 264, to be designated as a
section 264 A, relating to preferences and to fraudulent and
improper conveyances and transfers made by corporations
when insolvent, or in contemplation of insolvency," be and
the same is hereby repealed and re-enacted, so as to read as
follows :
264 A. Whenever any corporation mentioned in section 264

Repeal and
re-enact.

of this Article, other than railroad companies chartered by
this State, shall have been determined or proven to be insol-
vent, as in said Section 264 stated, all payments, conveyances
and assignments of the money, property, debts or claims of
said corporation, and all preferences howsoever made by it or
by any of its officers on its behalf, which would be void or
fraudulent if the same had been made by a natural person,
who had become an insolvent under Article 47 of the
Code of Public General Laws, shall, to the like extent
and with like remedies, be fraudulent and void when made
by such corporation or by any of its officers on its behalf;
and whenever any such corporation shall have been adjudged
to be dissolved as provided in the next preceding section
of this Article, all of its property and assets of every
description shall be distributed to the creditors of said

When
payments,
conveyances
and
assignments
of money,
etc., declared
void and
fraudulent.