Maryland independent. [volume] (Port Tobacco, Md.) 1874-current, 1896-05-15
Public General Laws.


AN ACT TO REPEAL. AND RE ENACT.
WITH AMENDMENTS. SECTIONS "A.
% AND "a OF ARTICLE ~ OF THE
CODE OF PUBLIC GENERAL LAWS.
TITLE '1NsOLVENTs."
Section J. BE It enacted hy the General
Assembly Of Maryland, That Sections u.
q and . Of Article u Of the code q Public
General Laws, title "lnsolvtnts," be and
the same are hereby repealed ana re-
enacted. With amendments. so as 10 read
as follows;
10. No deed or conveyance executed or
lien created hy any person being in=olFent
or To- contemplation OF Insolvency, save as
hereinafter provided, shall be lawful or
valid, IT the same shall contain any prey
ereuces, save such Us result from opera
ton OF law, and save those for The Wages
or salaries 90 clerks. scrg1nis statesmen
and employees contracted mol more than
three months anterior 10 the execution
thereof, and all preferences. with the eX-
ce ptlons aforesaid. shall be- void, howsp
ever the same may DE made provided.
the Erantor or party creating said lieH
or preference shall be proceeded agalns.
under Section 28 Of THIS article, or shall
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 Hen or preference,
and shall be declared or shall become,
under the provisions Of this article, an
iusolNenti provided, that nothing in this
section shall apply so as TO set aside or
render invalid the lien Of any such iudg-
meuts, mortgages or other conveyance
executed by the debtor for money bona
flde loaned or paid at the time OF the crea-
ton Of such Judgments. mortgage or con-
Veyance, but such shall remain a valid
and subsstlus lien, although the debtor
may be proceeded against or may apply
for the benefit Of this act.
%, Any person who shall depart from or
remain absent from the state. with intent
10 hinder. delay or defraud his creditors,
or conceal himself to avoid service upon
him IN any action for the recovery OF
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
delay hinder or defraud his creditors, or
who, when insolYeut or In contemplation
of insolvency, executes a 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
judgment, or allows any Judgment 10 be
entered against him by any connlvance
or being 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 a banker or broker shall
rail- TOT twenty days 10 pay any deposiior
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
ceedinH section IS fled within four months
after the act OF insolvency is committed.
a. IL 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 crentlng the same is insolvent or
in contemplation Of insolvency. the same
shall be prlma 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
creditors Of the grantor in such deeds,
conveyances or assignments shall avail
article
Section And be It enacted. That this
act shan take effect from the date Of its
passage.
Approved April ith. 1896
LLOYD LOWNDES. Governor.
WILLIAM CABELL BRUCE,
President OF the Senate.
SYDNEY +. MUpD.
Speaker OF the House Of Delegates.
We hereby certify that the aforegoing
IS correct copy Of an Act OF the General
Assembly Of Maryland. passed January
session. 1896.
J. ROGER McsHERRY.
Secretary Of the Senate.
NJ. N. HIGGINS
Chief Clerk Of the House of Delegates