The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1906-05-04
CHAPTER 421.

An Act to repeal and re-enact with
amendments Sections Is and 10 of
Article 81 of the Code OF Public
General Laws of Maryland title
Sales and Notices" being Chapter
5i9 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. 10. ~ and 81.
respectively
Section l. Be II enacted hy the
General Assembly of Maryland. That
Sections Is and 70 of Article Sc of
the Code Of Public General Laws of
Maryland. title Sales and Notices"
being Chapter $40 III the Acts OF Gen
eral 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the same are hereby repealed and re-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 to
read as follows.
IS II shall b. the duty of every
person who shall bargain for or pur-
chase any stock of goods. wares or
merchandise IN bulk for cash or credit
within this State to demand and re
CeiYe from the vendor thereof, and IL
the vendor be a corporation, then
from a managing officer or agent
thereof. at least five DAYS from the
contamination OF such bargain or pur-
chase. and at least FIVE DAYS before
Uaylng or delivering TO the vendor
any part of the purchase price or con
SideTafion thereof. or any promissory
note OF other evidence of indebted
ness therefor. a written statement I'M
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 be-
come due or owing. By said vendor
Co each of such creditors, and II there
De- no such creditors. a written state
ulent under oath to that effect. and
Il shall be the duty of such vendor 10
furnish such statement at least Eve
DAYS before any sale or transfer by
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 In Sec
ton Is. the vendor shall OF least FIVE
DAYS before the contamination of
such bargain or purchase and at least
ny@ DAYS before paving or delivering
10 the vendor any part OF the pur-
chase price a consideration therefor.
or any promlssory note. or other evil
dence of Indebtedness for the same In
gCod faith. notify or cause to be notl
fed personally. or hy 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
his order. or TO any person for his
use. any promissory note. or other
evidence 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 10 be
notified al Ga 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 be con
clusiyely presumed fraudulent and
void
stock OF goods. wares or merchandise
out of the usual or ordinary course OF
the business in the trade Of the ven
dor. or whenever thereby substantial
~ the entire business trade thereto
fore conducted by the vendor. shall be
sold or conveyed or attempted TO be
sold OF conveyed To one or more per
sons shall be deemed a sale or trans
fer in bulk. in contemplation of this
law
81 That nothing contained In the
aforegoing sections shall apply to
sales made by executors. administra-
tors. receivers or any public officer
conducting a sale in his official capa-
city. nor to any deed of trust eXecut-
ed for the benefit of creditors
See >. And be il enacted, That
this Act shall take effect from date of
its passage.
Approved April 3, 1906.