MARVIN MANDEL, Governor                            1465

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section 14-102 of Article - Estates and
Trusts, of the Annotated Code of Maryland (As enacted by

Chapter ___ (S.B. 133) of the 1974 Regular Session of the

General Assembly) be and it is hereby repealed and
re—enacted, with amendments, to read as follows:

Article — Estates and Trusts
14-102.

In the absence of express language to the contrary,
the rules contained in §§1-202, 1-203, 1-204, 1-205,
1-206, 1-207, [[1,208]] 1-208 AND 1-209[, and 1-210] of
this article shall be applied in construing the terms of
an inter vivos trust. Whenever any of those statutory
sections refer to a "will," "estate," or similar terms
relevant primarily to wills and estates or the takers
under them, the terms shall be modified to mean "trust
instrument," "trust," or similar terms to reflect the
application of the principles of those sections to inter
vivos trusts.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1974.

Approved April 30, 1974.

CHAPTER 362
(Senate Bill 631)
IN ACT concerning

The Department of Economic and Community Development —
Maryland Industrial Development Financing Authority Act

FOR the purpose of clarifying the powers of the Maryland
Industrial Development Financing Authority to insure
a loan for the refinancing of an industrial project
when necessary for the lender to obtain a first lien
on such project or when necessary to avoid the
removal of such project to a location outside the
State.

BY repealing and re—enacting, with amendments.

Article 41 — Governor — Executive and

Administrative Departments
Section 266K, 266-0(1), 266-0(3)