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Session Laws, 1908 Session
Volume 483, Page 244   View pdf image (33K)
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244 LAWS OF MARYLAND.

Public General Laws of Maryland, title "Sales and Notices, ""
being chapter 421 of the Acts of the General Assembly, passed
at the January session, 1906, under the new sub-title "Sales in.
Bulk, " be and the same are hereby repealed and re-enacted
with amendments so as to read as follows:

18. It shall be the duty of every person who shall bargain for
or purchase any stock of goods, wares or merchandise in bulk
for cash or credit within this State to demand and receive from
the vendor thereof, and if the vendor be a corporation, then
from a managing officer or agent thereof, at least five days
from the consummation of such bargain or purchase, and at
least five days before paying or delivering to the vendor any
part of the purchase price or consideration thereof, or any
promissory note or other evidence of indebtedness therefor, a
written statement under oath, containing the names and ad-
dresses of all the creditors of said vendor, together with the
amount of indebtedness due or owing, or to become due or
owing, by said vendor to each of such creditors, and if there
be no such creditors, a written statement under oath to that
effect; and it shall be the duty of such vendor to furnish such
statement at least five days before any sale or transfer by him
of any stock of goods, wares or merchandise in bulk.

19. After having received from the vendor the written state-
ment under oath mentioned in section 18, the vendee shall at
least five days before the consummation of such bargain or
purchase, and at least five days before paying or delivering to
the vendor any part of the purchase price, a consideration
therefor, or any promissory note or other evidence of indebted-
ness for the same, in good faith notify, or cause to be notified,
personally or by registered letter, each of the creditors of the
vendor named in the said statement provided in section 18 of
the proposed purchase by him of such stock of goods, wares or
merchandise; and whenever any person shall purchase any
stock of goods, wares or merchandise in bulk, or shall pay the
purchase price, or any part thereof, or execute or deliver to
the vendor thereof, or to his order, or to any person for his
use, any promissory note or other evidence of indebtedness
for said stock, or any part thereof, without having first de-
manded and received from his vendor the statement under oath
as provided in section 18, and without having notified or
caused to be notified all of the creditors of the vendor named
in such statement as in section 18 provided, such purchase,
sale or transfer shall to any and to all subsisting creditors of
the vendor be presumed fraudulent and void.

 

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Session Laws, 1908 Session
Volume 483, Page 244   View pdf image (33K)
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