The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1906-05-18
rCHAPTER 421.1

AN ACT to repeal and re-enact with
ss Is t sectlo Ions Is and 1s of
eral Laws of Maryland. title Sales
and Notices" being Chapter $40 Of the
Acts of General Assembly, passed at
drsd, under the eSS subtitle Sales sun in
Bulk" and to be known as Sections
Is, 10, 20 and Fl, respectively.
Section 1. Be 1t enacted by the Cen
eeral Assembly of Maryland, That Sec
Code Of Public General Laws of Mary
land, title Sales and Notices." being
Chapter 579 of the Acts of General As
sembly, passed at the January Session,
title Sales in Bulk" be and the same
are hereby repealed and re-enacted
with amendments so as to read as fol-
Is. 1t shall be the duty of every per-
son who shall bargain for or purchase
any stock of goods wares or merchan-
disc in bulk for cash or credit within
this State to demand and receive from
be corporation, then from a manag-
ing officer or agent thereof. at least
Ave days from the contamination of
such bargain or purchase, and at least
five days before paying or delivering
to vendor any part of the purchase
price or consideration thereof, or any
promissory note or other evidence of
indebtedness therefor, written state
ment under oath, containing the names
and addresses of all the creditors of
said vendor, together with the amount
of indebtedness due or owing, or to
become due or owing, by said vendor
to each Of such creditors, and If there
be no such creditors, a written statement
under oath to that effect: and it shall
such statement at least five days be-
fore any sale or transfer by him Of
any stock of goods, wares or merchan-
disc in bulk.
the vendor the written statement I'M
der oath mentioned in Section Is, the
vendor shall at least five days before
the cousummation of such bargain or
purchase and at least five days before
paying or delivering to the vendor any
part Of the purchase price a considera-
ton therefor or any promissory note.
or other evidence of Indebtedness for
the same in good faith. notify or cause
to be notified personally, or by regis
tered letter, each of the creditors of
the vendor named in statement of the
proposed purchase by him of such stock
whenever any person shall purchase
any stock of goods, wares or merchan-
disc in bulk, or shall pay the purchase
price, or any part thereof, or execute
or deliver to the vendor thereof, or
to his order, or to any person for his
use, any promissory note, or other evil
dence of Indebtedness for said stock.
or any part thereof. without having
llTSl uSIldnueu ana received from MS
vendor the statement under oath as
provided in Section IS. and without
having notified or cause TO be notified
all of the creditors of the vendor named
in such statement as in the section
presented, such purchase, sale or trans
fer shall to any and to all subsisting
creditors of the vendor be conclusively
presumed fraudulent and void.
90 That any sale or transfer of a
stock of goods, wares or merchandise
out of the ordinary course of the bus
mess in the trade of the vendor, or
whenever thereby substantially the en-
tire business trade heretofore conduct
ed by the vendor. shall be sold or con-
veyed or attempted to be sold or con-
veyed to one or more persons, shall be
deemed a sale or transfer in bulk, in
contemplation of this law.
81. That nothing contained in the
foregoing sections shall apply to sales
made by executors. administrators, re-
ceivers or any public officer conducting
a sale in his official capacity, nor to any
deed of trust executed for the benefit
of creditors.
Section 2. And be it enacted, That
this Act shall take effect from the date
of its passage.
Approved April 3. 1906.
EDWIN WAKEFIELD,
Governor.
JOSEPH B. SETH,
President of Senate.
CARVILLE d. BENSON,
Speaker of House of Delegates.