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Session Laws, 1953
Volume 606, Page 770   View pdf image (33K)
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770 LAWS OF MARYLAND [CH. 408

of such trustee or life tenant or holder of the defeasible
estate, and of all other persons who are or may be entitled
to any right, title, interest or estate in and to such rever-
sion or sub-reversion, rent or sub-rent, either at law or in
equity, and whether such other persons so entitled may
have vested or contingent interests therein, or whether
such persons or any of them are, or are not, in being at
the date of such redemption.

(c). Any petition filed under this section by or against
a trustee or life tenant or holder of a defeasible estate will
be sufficient in law and equity if the trustee or life tenant
or holder of the defeasible estate be a party thereto, and
it shall not be necessary for any cestui que trustent, re-
maindermen or other persons beneficially interested in the
subject matter of the petition to be a party to such petition,
they being represented by the trustee or life tenant or
holder of the defeasible estate for the purpose of the pro-
ceedings. Every petition shall set forth the location and
description of the land, the date and place of record of the
lease or sub-lease by which such reversion and rent were
created, the amount of the annual rent, the amount for
which the same is redeemable, and also that such notice
as may be required by law or by the lease or sub-lease has
been given by the owner of the leasehold or sub-leasehold
and such other facts as may be necessary to properly pre-
sent the matter to the court, and such petition shall be
sworn to by the party filing the same. The money received
from the owner of the leasehold or sub-leasehold for the
redemption of such rent or sub-rent shall be forthwith
accounted for to the court by the trustee or life tenant or
holder of the defeasible estate receiving the same, and the
court shall make such orders in reference to the investment
of the same as may be proper to the end that the said
money shall be held in place and stead of the redeemed
reversion and rent so as to enure in like manner to the
benefit of the persons entitled to said reversion and rent.

(d). Before receiving the redemption money the trustee
or life tenant or holder of the defeasible estate shall give
bond to the State of Maryland in the penalty of [double]
the amount of the redemption money, with a surety or
sureties to be approved by the court or the clerk thereof,
unless such trustee or life tenant or holder of the defeasible
estate has previously given a bond which protects the
redemption money, or unless such trustee has been excused
from giving bond by the instrument creating the trust.
Where a life tenant or the holder of a defeasible estate is
the owner of the reversion and rent, the court may, instead


 

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Session Laws, 1953
Volume 606, Page 770   View pdf image (33K)
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