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Session Laws, 1941
Volume 582, Page 1538   View pdf image (33K)
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1538 LAWS OF MARYLAND. [CH. 857

280C. When Receiver May be Appointed. (1) When
a person domiciled in this State and haying an interest in
any form of property disappears and is absent from his
place of residence without being heard of after diligent
inquiry, upon application for a finding of such disappear-
ance and absence and of the necessity for the appoint-
ment of a receiver to the Circuit Court where the absentee
was domiciled by any person who would have an interest
in said property were said absentee deceased or by an
insurer or surety or creditor of such absentee, after notice
as hereinafter provided in Section 280D, and upon good
cause being shown the Court may find that he was last
heard of as of a date certain and may appoint a receiver
to take charge of his estate. The absentee shall be made
a party to said proceedings; and any other person who
would have an interest in said property were said absentee
deceased upon direction by the Court may be made par-
ties to said proceeding.

(2) The receiver, upon giving bond to be fixed in
amount and with surety to be approved by the Court and
upon such conditions as will insure the conservation of
such property, shall under the direction of said Court ad-
minister said property as an equity receivership with
power (a) to take possession of all property of the absen-
tee wherever situated, (b) to collect all debts due the
absentee, (c) to bring and defend suits, (d) to pay insur-
ance premiums and (e) with the approval of the Court in
each case, to pay all debts due by the absentee, and (f) to
pay over the proceeds of such part or all of said prop-
erty, or the income thereof as may be necessary for the
maintenance and support of the absentee's dependents;
and if the personal property of said absentee be not suffi-
cient to pay all his debts, and to provide for the mainte-
nance and support of his dependents the receiver may apply
to the Court for an order to sell or mortgage so much of
the real estate as may be necessary therefor; said sale or
mortgage to be reported to, approved and confirmed by the
Court and said receiver to be ordered to made deed con-
veying or mortgaging said real property to the purchaser
or lender upon his complying with the terms of sale or
mortgage.

(3) Upon the filing of the application referred to in
sub-section (1), the Court may for cause shown appoint a
temporary receiver to take charge of the property of the
absentee and conserve it pending hearing upon the appli-
cation. Such temporary receiver shall qualify by giving
bond in an amount and with surety to be approved by the
Court and shall exercise only the powers named by the

 

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Session Laws, 1941
Volume 582, Page 1538   View pdf image (33K)   << PREVIOUS  NEXT >>


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