PARRIS N. GLENDENING, Governor

Ch. 31

principal or owner, or from previous advances of money or materials found, or work or
labor done for the use or advantage of the said principal or owner.]

[9.

The owner of any such goods, wares or merchandise in the hands of an agent or
factor, unsold and not pledged, may demand and recover the same from such agent or
factor, or the trustee of such agent or factor in the event of his insolvency, and in
preference to all other creditors of such agent or factor.]

[10.

The said owner may also recover from any person or body corporate the sum agreed
to be paid for the purchase of such goods, wares or merchandise, subject, however, to the.
same right of setoff on the part of such person or body corporate, against such agent or
factor as is hereinbefore provided in cases where such agent or factor shall have become
insolvent; and may demand and recover from such person or body corporate such goods,
wares or merchandise so deposited or pledged, on repayment of the money or restoration
of the negotiable instrument so advanced, and on payment of such further sum of money,
or restoration of such other negotiable instrument (if any), as may have been advanced or
given by such agent or factor to such owner or on payment of a sum of money equal to the
amount of the same, or may recover from such person or body corporate any balance or
sum of money remaining in his or its hands as the produce of the sale of such goods, wares
or merchandise, after deducting thereout the amount of the money or negotiable
instrument so advanced.]

[11.

In case of the insolvency of any agent or factor, the owner of the goods, wares or
merchandise so pledged and redeemed as provided in § 10 shall be held to have
discharged pro tanto the debt due by him to the estate of such insolvent.]

[14.

Whenever any commission merchant, factor, agent or other consignee, shall be
discharged under the insolvent laws of this State, no agricultural produce which may have
been consigned to him for sale, and which may be on hand at the time of his application
and discharge, not sold to a fair and bona fide purchaser for a valuable consideration,
shall pass to the trustee of said insolvent, or be in anywise answerable for his debts; but
all such agricultural produce so on hand at the time of such application and discharge
shall be the property of the grower, producer or other owner who shall have consigned
the same.]

REVISOR'S NOTE: Art. 2 - Agents and Factors is repealed in its entirety as
obsolete and duplicative of Title 9 of the Uniform Commercial Code,
bankruptcy law, and the common law of agency.

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