The citizen. (Frederick City, Md.) 1895-1923, 1906-05-04
EDWIN WAKEFIELD,
Governor.
JOSEPH b. SETH,
President of Senate.
CARVILLE D. BENSON,
Speaker of House of Delegates.
ICHAPTER ELL

AN ACT to repeal and re-enact with
amendments Sections is and 10 of
Article SO of the Code of Public Gen
eral Laws of Maryland, title Sales
and Notices. being Chapter $40 of the
Acts of General Assembly, passed at
the January Session, nineteen hun
dred, under the subtitle Sales in
Bulk" and to be known as Sections
Is. 10, 20 and 81. respectively.
Section l. Be it enacted by the Gen
eral Assembly of Maryland, That Sec
tons IS and 10 of Article SO of the
Code of Public General Laws of Mary
land. title Sales and Notices being
Chapter $40 of the Acts of General As
sembly, passed at the January Session,
nineteen hundred. under the new sub
title Sales in Bulk be and the same
are hereby repealed and re-enacted
with amendments so as to read as fol-
lows:
49, 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
the vendor thereof. and if the vendor
be corporation. then from manag-
ing officer or agent thereof. at least
five days from the contamination of
such bargain or purchase, and at least
1--WE days before paying or delivering
to vendor any part of the purchase
price or consideration thereof. or any
: pIoUllSSOrN note or Otnef evidence OF
Indebtedness therefor a 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 il shall
be the duty of such vendor to furnish
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
10. That after having received from
the vendor the written statement un-
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 consdera =
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
OF goods. wares or merchandise; and
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
first demanded and received from his
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.
20. That any sale or transfer of n
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 he sold or con
Veyed or attempted to be sold or cor
Neyed to one or more persons. shall 10
deemed a sale or transfer in bulk in
contemplation of this law
p. That nothing contained in the
foregoing sections shall apply to sales
made by executors. administrators re-
ceiVers or any public officer conductine
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.
President of Senate
CARNILLE ID. BENSON.
Speaker of House of Delegates