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Session Laws, 1967
Volume 681, Page 774   View pdf image (33K)
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774                               LAWS OF MARYLAND                       [CH. 388

into his possession all the goods and chattels, rights and credits,

moneys and effects, lands and tenements, books, records, documents,

papers, bills, notes, and property of every description, derived by

means of any practice declared to be illegal and prohibited by this
Act, including property with which such property has been mingled
if it cannot be identified in kind because of such commingling, and to

sell, convey, and assign the same and hold and dispose of the proceeds
thereof under the direction of the court. Any person who has suffered
damages as a result of the use or
employment of any unlawful prac-

tices and submits proof to the satisfaction of the court that he has

in fact been damaged, may participate with general creditors in the
distribution of the assets to the extent he has sustained out of pocket
losses. In the case of a partnership or business entity, the receiver
shall settle the estate and distribute the assets under the direction of

the court.
AND HE SHALL HAVE ALL THE POWERS AND DU-
TIES CONFERRED UPON RECEIVERS BY THE PROVISIONS
OF ARTICLE 23, "CORPORATIONS," SO FAR AS THE PROVI-
SIONS THEREOF ARE APPLICABLE. The court shall have juris
-

diction of all questions arising in such proceedings and may make

such orders and judgments therein as may be required.

(B) SUBJECT TO AN ORDER OF THE COURT TERMINAT-
ING THE BUSINESS AFFAIRS OF ANY PERSON AFTER RE
-
CEIVERSHIP PROCEEDINGS HELD PURSUANT TO THIS
SUBTITLE, THE PROVISIONS OF THIS SUBTITLE SHALL
NOT BAR ANY CLAIM AGAINST ANY PERSON WHO HAS

ACQUIRED ANY MONEYS OR PROPERTY, REAL OR PER-
SONAL, BY MEANS OF ANY PRACTICE HEREIN DECIDED
TO BE UNLAWFUL.

ANY PERSON WHO VIOLATES THE TERMS OF AN IN-
JUNCTION ISSUED UNDER SECTION 23 (B) OF THIS SUB-
TITLE SHALL FORFEIT AND PAY TO THE STATE A CIVIL
PENALTY OF NOT MORE THAN TEN
THOUSAND DOLLARS
($10,000) PER
VIOLATION FOR THE PURPOSES OF THIS
SECTION, THE CIRCUIT COURT ISSUING AN INJUNCTION
SHALL RETAIN JURISDICTION, AND THE CAUSE SHALL BE

CONTINUED, AND IN SUCH CASES THE ATTORNEY GEN-
ERAL ACTING IN THE NAME OF THE STATE MAY PETI-

TION FOR RECOVERY OF CIVIL PENALTIES.

25. 23.

The Attorney General is authorized upon passage of this Act to
use such funds and employ such media and printed matter as he
deems necessary to:

(1)  fully acquaint the business concerns and the public with the
terms and provisions of this Act.

(2)  to educate the public as to nefarious schemes which may from
time to time be foisted upon the public.

(3)  to study consumer problems generally from the standpoint
of value received by the consumer and report periodically to the
public.

24.

 

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Session Laws, 1967
Volume 681, Page 774   View pdf image (33K)
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