Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1906-05-17
CHAPTER 42t.


amendments Sections IS and 10 of
Article So OF the Code Of Public
General Laws Of Maryland. title
Sales and Notices" being Chapter
$40 OF the Acts of General Assem-
bly,. passed NJ the January Session.
nineteen hundred. under the sub
title Sales In Bulk and to be
known as Sections Is. ~. 20 and 81,
respectively.
Section |. Be IL enacted by the
General Assembly OF Maryland. That
Sections Is and ~ OF Article SO of
the Code OF Public General Laws of
Maryland. title Sales and Notices"
being Chapter $40 Of the Acts Of Gen
erai Assembly. passed at the January
session. nineteen hundred, under the
new subtitle SALES In Bulk" be- and
the same are hereby repealed and re-
enacted with amendments SO as tn
read as follows:
IL. u shall be the duty Of every
person who shall bargain for or nur.
chase any stock Of goods wares ar
merchandise In bulk for cash or credit
within this State to demand and re-
ceive from the vendor thereof. and IN
the vendor be- corporation. then
from managing officer or agent
thereof. at least five davs from the
contamination of such bargain or pur-
chase. and at least five DAYS before
paying or delivering To the vendor
any part Of the purchase price or con
sideratiOn thereof. or any promissory
note or other evidence of indebted
ness therefor. a written statement un-
der oath. containing the names and
addresses OF all the creditors of said
vendor. together with the amount of
indebtedness due or owing. or to he
come due or owing. by said vendor
To each OF such creditors. and IL there
be no such creditors. q written state
ment under oath To that effect: and
II shall be the duty OF such vendor to
furnish such statement at least FIVE
days before any sale or transfer nv
him OF any stock of goods. wares or
merchandise In bulk.
~. That after having received
from the vendor the written state
ment under oath mentioned i'm Sec
ton Is, the vendor shall at least Ave
days before the consummation of
such bargain or purchase and at least
nve days before paying or delivering
to the vendor any part OF the pur.
chase price consideration therefor.
or any promissOry note. or other evil
dence OF Indebtedness for the same in
good faith. notify or cause to be mott
ned personally. or by registered let.
ter, each Of the creditors OF the ven
dor named in statement of the propos-
ed 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 sail pay the purchase
price. or any part thereof. or execute
or deliver to the vendor thereof. or to
ms order. or To any person for his
use. any promiss0ry note. or other
evidence of Indebtedness for said
stock. or any part thereof. without
having hrst demanded and received
from his vendor the statement under
oath as provided in Section *, and
without having notified or cause to be
notified all Oi the creditors OF the ven.
dor named In such statement as In the
section presented. such purchase, sale
or transfer shall To any and to all sub
sisting creditors OF the vendor he con
ciuslveiy presumed fraudulent and
void.
20. That any sale or transfer OF a
STOCK OF goods wares or merchandise
the business In the trade OF the ven
dor. or whenever thereby substantial.
iy the entire business trade thereto
fore conducted by the vendor, shall be
sold or conveys ed or ATTEMPTED to be
sold or conveyed To one or more per
sons. shall be deemed a sale or trans
fer In bulk, in contemplation Of this
law.
Il. That nothing contained Ia the
aforeg0ing sections shall apply to
sales made by executors. adnlnistra-
tors. receivers or any public officer
conducting a sale In his Official capa-
cIiy. nor to any deed OF trust execut-
ed for the benefit of creditors.
Sec. 2. And be- IL enacted, That
this Act shall take effect from date Of
its passage.
Approved April 3. 1896