682

LAWS OF MARYLAND.

this State or any other State, or of the United States ; and
that in all cases where application shall be made to any court
of this State, or any other State, or the United States, for the
appointment of any receiver, curator, trustee, administrator,
executor, assignee, guardian of any minors, committee of a
lunatic, or any other fiduciary, it shall and may be lawful for
such court, if it shall think fit, to appoint "The Fidelity Trust
Company," with its assent, such receiver, curator, trustee,
administrator, executor, assignee, guardian, committee or
fiduciary, and the accounts of said company as such receiver,
curator, trustee, administrator, executor, assignee, guardian,
committee or fiduciary shall be regularly settled and adjusted
before the tribunal having jurisdiction thereon, and upon such
settlement and adjustment, all proper, legal and customary
charges, costs and expenses shall be allowed to said company
for its care and management of the trusts and estates aforesaid ;
and the said company as such receiver, curator, trustee, admin-
istrator, executor, assignee, guardian or committee, or other
fiduciary, shall be subject to all orders or decrees made by the
proper tribunal under the laws of this State, or the State or
the United States, where appointed.

SEC. 6. And be it enacted, That when any court, person,
company, corporation aforesaid, shall appoint the said company

Capital stock
taken as
security.

a receiver, curator, trustee, administrator, executor, assignee,
guardian, committee or other fiduciary, or shall order the de-
posit of money or other valuable of any kind with said com-
pany, the capital stock, as paid in, shall be taken and considered
as the only security required by law for the faithful perform-
ance of its duties ; provided, the said court shall not deem it
necessary to require further security, and shall be absolutely
liable in case of any default whatever ; the court, if it deem
necessary, may, from time to time, appoint suitable persons to
investigate the affairs and management of said company, who
shall report to such court the manner in which such investments
are made, and the security afforded to those by or for whom its
engagements are held, and the expenses of such investigation
shall be defrayed by the said company ; or, the court may, if
deemed necessary examine the officers of said company under
oath or affirmation as to the security aforesaid.

Deposit of
bonds,
stocks, eto.

SEC. 7. And be it enacted, That any individual, agent, exe-
cutor, administrator, guardian, committee, receiver, curator,
assignee or other person, or State, city or county officer or public
officer, or any person or persons acting for others, having the
control or other custody of any bonds, stocks, securities,