22 LAWS OF MARYLAND.

annexed upon the estate of any deceased person, and there is no
person entitled to such letters who is qualified, competent,
willing and able to accept such administration, such court or
officer may, at the request of any party interested in the estate,
grant such letters of administration, with the will annexed, to
any such corporation. Any court or officer having authority
to grant letters of guardianship of any infant, may, upon the
same application as is required by law for the appointment
of a guardian of such infant, appoint any such corporation as
guardian of the estate of such infant. Any court having juris-
diction to appoint a trustee, guardian, receiver or committee
of the estate of a lunatic, idiot or habitual drunkard, or to make
any fiduciary appointment, may appoint any such corporation
to be such guardian, trustee, receiver or committee, or to act in
any other fiduciary capacity. Any court into which moneys
may be paid by parties, or be brought by order of judgment,
may, by order, direct the same to be deposited with any such
corporation.

47. No bond or other security shall be required from any
trust company for or in respect to any trust to which it shall
be appointed executor, administrator, guardian, trustee, re-
ceiver, committee or depositary by the order of any court. In
all cases in which such trust companies, whether incorporated
under this act or by special act, shall be appointed, or shall be
acting, as executor, administrator, guardian, trustee, receiver,
committee, or in any other fiduciary capacity, they shall be re-
sponsible for losses of moneys or property received or held by
them in any such character in the same cases and to the
same extent as individuals so acting would be. Upon the dis-
solution of any such company by the Legislature, court or
otherwise, or in case of its insolvency, all debts or liabilities
due or owing by such corporation in any of said fiduciary ca-
pacities, shall be preferred in the distribution of the assets of
such company to all debts or liabilities of any nature whatso-
ever, including salaries and wages of employees and other pre-
ferred debts or liabilities. The court having jurisdiction may
make orders respecting such trusts, and require the corpora-
tion to render all accounts which such court or officer might
lawfully require if such executor, administrator, guardian,
trustee, receiver, committee or depositary were a natural
person.

48. Upon the appointment of such corporation as executor,
administrator, guardian, trustee, receiver or committee, as pro-
vided by this Act, no official oath shall be required from such
corporation or trust company.