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Session Laws, 1941
Volume 582, Page 1540   View pdf image (33K)
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1540 LAWS OF MARYLAND. [CH. 857

280F. Final Hearing and Finding. (1) At any time,
during the proceedings, upon application to the Court and
presentation of satisfactory evidence of the absentee's
death, the Court may make a final finding and decree that
the absentee is dead; in which event the decree and a tran-
script of all of the receivership proceedings shall be certi-
fied to the Orphans' Court for any administration required
by law upon the estate of a decedent, and the receivership
Court shall proceed no further except for the purposes
hereinafter set forth in Section 280H, sub-sections (1)
and (3).

(2) After the lapse of five (5) years from the date
of the finding provided for in Section 280C, sub-section
(1), if the absentee has not appeared, the Court may pro-
ceed to take further evidence and thereafter make a final
finding and enter a decree declaring that all interest of
the absentee in his property has ceased and devolved upon
others by reason of his failure to appear and make claim.

280G. Claim of Absentee Barred. No action shall be
brought by an absentee to recover any portion of this
property after the final finding and judgment provided for
in Section 280F.

280H. Termination of Receivership and Disposition of
the Property of the Absentee. Upon the entry of any final
finding and decree as provided in Section 280F, the Court
shall proceed to wind up the receivership and terminate the
proceedings:

(1) In the case of a finding under sub-section (1) that
the absentee is dead;

(a) By satisfying all outstanding debts and charges of
the receivership; and

(b) By then certifying the proceedings to the Orphans'
Court; or

(2) In the case of a finding under sub-section (2);

(a) By satisfying all outstanding debts and charges.

(b) By then deducting for the insurance fund a sum
equal to the percent of the total value of the property re-
maining, including amounts paid to the receivership estate
from policies of insurance on the absentee's life, prescribed
pursuant to Section 280K, sub-section (4),

(c) By distributing the remaining property as pro-
vided in Section 280-1; and

(3) In both cases by requiring the receiver's account
and upon its approval discharging him and his bondsmen
and entering a final decree terminating the receivership.

 

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Session Laws, 1941
Volume 582, Page 1540   View pdf image (33K)   << PREVIOUS  NEXT >>


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