Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1886-05-27
CHAPTER 29S.

An ACT In repeal section thirteen, Of the
act Of eighteen hundred and eighty, chap
ter one hundred and seventy two. enti-
tied an act. To repeal sections one, two,
three, twelve, thirteen, fourteen, sixteen,
seventeen and eighteen, of Article forty
eight, ofthe Code of Public General Laws,
title "lnsolvents," and TO re-enact the
same with amendments, and also to add
certain new sections to said Article as
amended by the act of eighteen hundred
and eighty -four, chapter two hundred
and ninety five, and TO repeal sections
-- twenty-three and twenty -four, Of the
said act of eighteen hundred and eighty
chapter one hundred and seventy 1.-TWO
and 10 re-enact the same with amend.
ments.
SECTION /. Re ii enacted By the Genera
Assen.bly Of AdryLdnd. That section thir.
teen, OF the act of eighteen hundred and
eighty, chapter one hundred and seventy.
two, entitled an act 10 repeal sections one
two, three, twelve, thirteen, fourteen. six
teen, seventeen and eighteen. Of article for.
ty-eight ofthe Code of Public General Laws,
title "Insolvents," and TO re-enact the same
with amendments, and also to add certain
the act of eighteen hundred and eighty.
and sections twenty three and twenty -four,
of the said act Of ofeighteen hundred and eigh-
ty, chapter one hundred and seventy-two,
be and are hereby repealed and re-enacted
with amendments 50 Ss 10 read as follows.
.13 No deed or conveyance executed or
lien created by any banker, stock broker,
merulas nj, manufacturer or trader being in
solvent, or IN contemplation of insolvency
shall be lawful or valid If the same shall
contain any preferences save such as result
from operation Of law, and save those for
the wages or salaries 10 clerks, servants and
EMPLOYEES contracted not more than three
months anterior 10 the execution thereof;
and all preferences with the exceptions
aforesaid shall be void, howsoever the same
may BE- made: provided, the grantOr or par.
ty creating said lien or preference shall be
proceeded against under section twenty
four. or shall apply for the benefit Of this
act under section one within four months
atter the recording of the deed or convey
ancs or the creation of said lien or prefer
ence, and shall be declared or shall be
come under the provisions of this act an in
solvent
%. Any person who shall depart from ol
remain absent from this State with inten
to hinder, delay or defraud his creditors o.
conceal himself 20 avoid service upon lin
in any action for the recovery ofa debt, anC
any person who conceals or removes any
Of his property 10 prevent the same from
being taken under legal process, or make
any assignment, gift, sale, conveyance o
transfer of all or part of his estate or pro
pcrty with the intent 10 delay, hinder o
defraud his creditors, or belonging TO an,
| of the classes mentioned in section thirteel
| Of this act when insolvent or in coniempla
ton Of insolvency, executes q deed or con
yeyance giving preferences creates a lien
making any unlawful preferences as there
/ Ii stated, or otherwise gives such preferen
cs.. or belonging 10 said last mentione
| classes when insolvent or in contemplated
| Of insolvency confesses any judgment or a
| lows any judgment 10 be entered again:
!! him BY any connivance, or belonging
a. - said classes, when insolvent or j
cng,o - ION Of insolvency fraudulent
So. suspends payment Of b
80 Pdyment q Il fails 10 resume ii
nego'iaoie paper, aL, '-enty days. {
PAYMENT thereof within A.. f.ii fail &
oelhS banker or broker 81, - d,
rmen1y DAYS To pay any depositoro..
t A"iuiiy made. shall be deemed tr
~ e,hihit'ed an act nr acts Of inSolyen
-, a ule case may he; provided, the peti.
s, sun nentoned III the succeeding section /
nled within four months amer the e., 81 :
solvency is committed. ~ 'i'
- A petition may be filed in any Of said
courts having the right 10 take jurisi;ct;on
OF me debtor so committing any &C. of in.
soivency in the Proceeding section men
uoneu oy any one or more creditors. the
agsIes.'e ol whose debts against the insol-
vent amount 90 at least the snm ~ ,wo
hundred and fiffy dollars at any time with.
IN icar months after the recording Of any
oi the conveyances, creation OF liens ar
committing Of any Of the acts OF insolyen.
cy in this act specified: the said petition
SHAH allese the facts upon which the appli-
cation Is grounded and pray for process
against the debtor, and an adIndication of
insolvency and shall be verified by The AZ
hdavit Of the petitioner, the Court shall
thereupon issue summons fsr the debtor
and require him TO show cause within not