ALBERT C. RITCHIE, GOVERNOR.                  689

repealed and re-enacted by Chapter 226 of the Acts of the
General Assembly of Maryland in 1929.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Section 8(b) of Article 81 of the Code of
Public General Laws of Maryland, title "Revenue and Taxes, "
be and it is hereby repealed and re-enacted, with amendments,
so as to read as follows:

8(b) In case intangible personal property mentioned in
Section 6 (3), (4) and (5) shall be held by any non-resident
of this State in trust for any resident of this State, the value
of the interest therein of such resident of this State shall be
subject to tax as if such beneficiary were the legal owner.

Approved April 17, 1931.

CHAPTER 259.

AN ACT to repeal and re-enact, with amendments, Section 144
of Article 81 of the 1929 Supplement to the Annotated
Code of the Public General Laws of Maryland, entitled
"Revenue and Taxes, " sub-title "Forfeiture of Corporate
Charters for Non-Payment of Taxes, " extending the time
within which a corporation charter may be revived after it
has been forfeited.

(Vetoed. )

CHAPTER 260.

A1ST ACT to repeal and re-enact, with amendments, Section 141
of Article 81 of the 1929 Supplement to the Annotated Code
of the Public General Laws of Maryland, entitled "Revenue
and Taxes, " sub-title "Franchise Tax on Foreign Corpora-
tions, " fixing the date of maturity of franchise taxes on
foreign corporations, and regulating the payment of interest
and penalties upon such taxes in arrears.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Section 141 of Article 81 of the 1929 Supple-