Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1912-05-10
SALES AND NOTICES.
CHAPTER 451.


AN ACT to add certain new sections
to Article SO OF the Code OF Public
General Laws, title Sales and No
tees; said sections to follow Inn
mediately after section o. OF said
article, and to be designated as
sections 9S, 50, 100 and IOl.
Section l. Be II enacted by the
General Assembly OF Maryland That
certain new sections be, and the
same arc hereby added to Article SO
OF the Code OF Public General Laws,
title Sales and Notices: said sec
tons to follow section 81, OF said
article, and to be designated as sec
tons IS. 80 100 and IOI and to read
as follows:
%. 1t shall be the duty of every
person who shall bargain for or pur-
chase any stock OF goods, wares or
merchandise in bulk Tor cash or
credit within this State to demand
and receive from the vendor thereof,
and II the vendor be corporation,
then from managing officer or agent
thereof. at least i've days before the
contamination OF such bargain or
purchase, and at least five days be-
fore paying or delivering TO the ven
dor any part Of the purchase price or
consideration thereof, or any promis-
DRY note or other evidence OF indebt-
edness therefor, written statement
under oath, containing the names and
addresses OF all the creditors OF said
vendor, together with the amount OF
indebtedness due or owing, by said
vendor to each OF such creditors, and
II there be no such creditors, a writ
ten statement under oath to that Of
feet and 1t shall be the duty OF such
vendor to furnish such statement at
least five days beore any sale or
transfer by him OF any stock OF goods,
wares or merchandise, In bulk.
IS. That after having received
from the vendor the written state
ment under oath mentioned In section
yS, the vendor shall at least Ave days
before the contamination OF such
bargain or purchase and ut least Ave
days before paying or delivering to
the vendor any part OF the purhase
price consideration thereof, or any
promisory note. or other evidence Of
indebtedness for the same In good
faith, notify or cause 10 be notified
personally, or by registered letter,
each OF the creditors OF the vendor
named In the statement OF the propos-
cd purchase by him OF such stock
OF goods, wares or merchandise; and
WhAnnuar ohaII rftRohaon
any stock OF goods, wares or mer-
chandise In bulk, or shall pay the pur-
chase 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 promlssory
note or other evidence OF Indebted
ness for said stock, or any part there
OF. without having first demanded and
received from his vendor the state
ment under oath as provided In sec
ton 9S, and without having notified
creditors OF the vendor named In such
statement as in the section present
ed, such purchase. sale or transfer
shall, 10 any and TO all subslstlng
creditors OF the vendor, be void.
100. That any sale or transfer OF q
stock OF goods, wares or merchandise
out OF the usual or ordinary course
of the business In the trade OF the
vendor, or whenever thereby substan-
TALLY the entire business trade there
tofore conducted by the vendor shall
be sold or conveyed, or attempted TO
be sold or conveyed, to one or more
persons, shall be deemed a sale or
transfer In bulk, In contemplation OF
this law.
1a1. That nothing contained Ia
the aforegoing sections shall apply 10
sales made by executors, admins
traitors, receivers or any public OFF,
Ger conducting a sale In his Official
capacity. nor to any deed OF trust
executed for the benefit OF the credl-
tors.
Sec. 2. And be II enacted, That this
act shall take effect from the date
of It's passage.
snaa