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Session Laws, 1910 Session
Volume 487, Page 61   View pdf image (33K)
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CHANCERY. 61

under a new subtitle of "Receiver's Bond," and to be known

as Section 214A, and to follow immediately after Section 214

of said Article.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That a new section be and the same is hereby added to
Article 16 of the Code of Public General Laws of Maryland, oi'
1904, title "Chancery," to be known under a new subtitle,
"Receiver's Bond," and to be known as Section 214A, and to
follow immediately after Section 214 of said Article, and to
read as follows:

SEC. 214A. That whenever a receiver shall be required to
give bond in any court and the surety upon the bond is a cor-
poration authorized by the laws of this State to qualify as such,
the amount of the penalty of the bond so required shall be
fixed by the court in an amount not exceeding the probable
value of the property and assets of the estate for which the
said receiver should account and be liable for according to law,
and nothing herein shall prevent the court from increasing the
penalty of the bond to such an amount, as may be proper, for
sufficient cause shown.

SEC. 2. And be it further enacted, That this Act shall take
effect from the date of its pasage.

Approved April 11, 1910.

CHAPTER 212.

AN ACT to repeal and re-enact with amendments Section 217
of Article 16 of the Code of Public General Laws of Mary-
land of 1904, title "Chancery," subtitle "Trustee."
SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section 217 of Article 16 of the Code of Public Gen-
eral Laws of Maryland of 1904, title "Chancery," subtitle
"Trustee," be and the same is hereby repealed and re-enacted
with amendments, so as to read as follows:

SEC. 217. Every trustee appointed by decree to make a
sale before he sells, shall give bond to the State of Maryland,
with surety or sureties, to be approved by the judge of the
court or the clerk thereof in such penalty as the said judge
may prescribe; provided, that whenever the surety on said
bond is a corporation authorized by the laws of this State to
qualify as such, the amount of the penalty of the bond shall be
an amount not exceeding the probable value of the property to
be sold by said trustee; and nothing herein shall prevent the
court from increasing the penalty of any bond to such an
amount as it may see proper, for sufficient cause shown; said
bond to be conditioned that such trustee shall faithfully per-
form and execute the trust reposed in him, and such trustee


 

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Session Laws, 1910 Session
Volume 487, Page 61   View pdf image (33K)
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