The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1896-05-16
Public General Laws.
CHAPTER 44s.

I SI1<1E Fit CAB.
AN ACT TO REPEAL AND RE-ENAcr
WITH AMENDMENTS, SECTIONS IA.
% AND "a OF ARTICLE II OF THE
CODE OF PUBLIC GENERAL LAWS.
TITLE 'INSoLvENTs."
Section l. Be 1t enacted by the General
Assembly of Maryland, That Sections a.
| % and "a of Article Al of the Code of Public
General Laws, title "Insolvents," be and
| the same are hereby repealed and. re-
enacted, with amendments, so as to read
as follows:
| IA. No deed or conveyance executed or
| lien created by any person being insolvent
or in contemplation of insolvency, save
hereinafter provided, shall be lawful or
valid, If the same shah contain any pref
erences, save such as result from opera
ton OF law, and save those for the wages
or salaries to clerks. servants. statesmen
and employees contracted not more than
three months anterior to the execution
thereof; and all preferences, with the ex-
ceptions aforesaid, shall be void. howso-
ever the same may be made; provided,
the grantor or party creating said lien
or preference shall be proceeded against
apply for the benefit of this article, under
Section l, within four months after the
recording OF the deed or conveyance, or
the creation of said lien or preference,
and snail be declared or shall become,
under the provisions of this article, an
insolvent; provided, that nothing in this
render invalid the lien of any such judg
ments, mortgages or other conveyance
executed by the debtor for money bona
fide loaned or paid at the time of the crea-
ton of such judgments, mortgage or con-
veyance, but such shall remain a valid
and subsisting lien, although the debtor
may be proceeded against or may apply
for the benefit of this act.
q. Any person who shall depart from or
remain absent from the state, with intent
to hinder, delay or defraud his creditors.
Flf ~fra.r
him in any action for the recovery of a
debt. and any person who conceals or re-
moves any of his property, to prevent the
same from being taken under legal pro-
cess, or makes an assignment, gift, sale,
conveyance or transfer of all or part of
his estate or property, with the intent to
who, when insolvent or in contemplation
of insolvency, executes deed or convey
ance giving preferences, creates lien
making any unlawful preferences as
therein stated or otherwise gives such
preferences, or when insolvent or in con-
temptation. of insolvency, confesses any
entered against him by any connivance.
or being a banker, broker, merchant,
trader, builder or manufacturer, stops
payment of his negotiable paper fraudu--
lently. or suspends payment thereof, and
fails to resume the same within twenty
days, or, being banker or broker. shall
fail for twenty days to pay any depositor
on demand lawfully made, shall be deemed
TO have committed an act or acts of in
solvency, as the case may be; provided,
the petition mentioned in the next sue
ceeding section is filed within four months
after the act of insolvency is committed.
"a. If any deed. conveyance, assignment.
gift, transfer or delivery be made of any
goods. chattels, moneys, chooses In action,
lands, tenements or other property, or
lien created thereon when the grantor or
person creating the same is insolvent or
in contemplation of insolvency. the same
shall be prima facie intended to hinder,
delay and defraud the creditors of the
person by whom the same is made, and
the burthen of proof shall rest upon him
and the grantee to explain the same and
show the bona fide thereof; provided, the
creditors of the grantor in such deeds.
conveyances or assignments shall avail
themselves of the provisions of this
article.
Section 2. And be II enacted, That this
act shall take effect from the date of its
passage.
Approved April! 4th. 1896
LLOYD LOWNDES. Governor.
WILLIAM CABELL BRUCE,
President of the Senate.
SYDNEY +. MUDD.'
Speaker of the House Of Delegates.
We hereby certify that the aforegoing
is a correct copy of an Act of the General
Assembly of Maryland. passed January
session, 1896.
]. ROGER McsHERRY.
Secretary of the Senate.
NJ. NJ HIGGINS,
Chief Clerk of the House of Delegates.