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Session Laws, 1972
Volume 708, Page 827   View pdf image
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Marvin Mandel, Governor                           827

32.

(a)   No person or corporation, other than the grower, maker or
manufacturer shall barter or sell or otherwise dispose of, or shall
offer for sale any goods, chattels, wares or merchandise, within this
State, without first obtaining a license in the manner herein pre-
scribed.

(b)    Any private individual may conduct a public sale of his per-
sonal effects on his own property without a license, provided that no
more than one sale is conducted FOR A PERIOD NOT TO EXCEED
14 CONSECUTIVE DAYS in any one calendar year.

Sec. 2. And be it further enacted, That this Act may take effect
July 1, 1972.

Approved May 5, 1972.

CHAPTER 269
(House Bill 230)

AN ACT to repeal and re-enact, with amendments, Section 199 of
Article 16 of the Annotated Code of Maryland (1966 Replacement
Volume), title "Chancery," subtitle "Trustee," to increase the
amount of certain commissions to be allowed testamentary trustees
and trustees of other trusts.

SECTION 1. Be it enacted by the General Assembly of Maryland,
That Section 199 of Article 16 of the Annotated Code of Maryland
(1966 Replacement Volume), title "Chancery," subtitle "Trustee," be
and it is hereby repealed and re-enacted, with amendments, to read as
follows:

199.

(a) Testamentary trustees, and trustees of other trusts whose
duties comprise the collection and distribution of income from prop-
erty held under trust settlements or the preservation and distribution
of such property, shall in lieu of such commissions as have been
heretofore allowed for such services by custom or by law, be entitled
to the following commissions for their services in administering such
trusts; subject to the provisions of any valid agreement determining
their compensation and subject to be increased or diminished for
sufficient cause by any court having jurisdiction over the administra-
tion of such trust, and the allowance of special commissions or com-
pensation for services of an unusual nature, viz.

(b) Except as otherwise provided in the case of a trust having

more than one trustee, [Accounting] accounting from the inception
of such trust (or in the case of trusts, the administration of which
has already begun before the enactment of this section, accounting
from [June 1, 1951] July 1, 1972) a commission of six percent upon
all income from real estate, ground rents and mortgages collected in
each year; a commission of six percent upon the first [five] ten

 

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Session Laws, 1972
Volume 708, Page 827   View pdf image
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