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Session Laws, 1974
Volume 713, Page 233   View pdf image
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MARVIN MANDEL, Governor                               233

15-108. PROTECTION WHEN DISTRIBUTION MADE IN CONFORMITY
WITH ORDER OF COURT.

(A) CLAIM OF ABSENT OR UNKNOWN PERSON.

ANY FIDUCIARY MAKING DISTRIBUTION OR DELIVERY OF ANY
PROPERTY, IN CONFORMITY TO ANY DECREE OR ORDER OF COURT
PASSED PURSUANT TO THE MARYLAND RULES, SHALL BE PROTECTED
FROM ANY CLAIM IN RESPECT TO IT BY AN ABSENT OR UNKNOWN
BENEFICIARY OR LIFE TENANT PROCEEDED AGAINST UNDER THE
MARYLAND RULES, OR HIS HEIRS, PERSONAL REPRESENTATIVES,
OR ASSIGNS.

(B) PRIOR LAWS.

NOTHING IN THIS SECTION LIMITS ANY SIMILAR
PROTECTION GRANTED TO FIDUCIARIES BY APPLICABLE LAWS IN
EFFECT PRIOR TO THE PASSAGE OF THE MARYLAND RULES.

REVISOR'S NOTE: This section presently appears as
Art. 16, §15. It is divided into two
subsections for the purpose of clarity. The
only other changes are in language and style.

15-109. RELEASE OF FIDUCIARY TO WHOM PROPERTY
TRANSFERRED BY ANOTHER.

THE RECEIPT AND RELEASE OF A FOREIGN FIDUCIARY TO
WHOM PROPERTY IS TRANSFERRED, PURSUANT TO A COURT ORDER
UNDER THE MARYLAND RULES, IS A GOOD AND SUFFICIENT
RELEASE TO THE FIDUCIARY TRANSFERRING THE PROPERTY.

REVISOR'S NOTE: This section presently appears as
Art. 16, §190. A specific reference to the
Maryland Rule is removed. The only other
changes are in language and style.

15-110. ENFORCEMENT OF ORDER TO GIVE COUNTERSECURITY.
(A) ATTACHMENT ON ORDER OF COURT.

IN ADDITION TO ANY OTHER MEANS OF ENFORCING ITS
ORDER, THE COURT WHICH HAS ORDERED A FIDUCIARY TO GIVE
COUNTERSECURITY PURSUANT TO THE MARYLAND RULES MAY COMPEL
COMPLIANCE WITH ITS ORDER BY ATTACHMENT AND
SEQUESTRATION.

(B) REMOVAL OF FIDUCIARY.

IF THE FIDUCIARY FAILS TO GIVE COUNTERSECURITY
WITHIN THE TIME FIXED BY THE COURT, AND IS REMOVED, [[A
NEW FIDUCIARY MAY BE APPOINTED IN HIS PLACE.]] AND A NEW

FUDICIARY APPOINTED IN HIS PLACE, THE NEW FIDUCIARY MAY

BRING SUIT ON THE BOND OF THE REMOVED FIDUCIARY.

 

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Session Laws, 1974
Volume 713, Page 233   View pdf image
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